CARDSTON, ALBERTA--(Marketwired - Nov 12, 2015) - American Creek Resources Ltd. (TSX VENTURE:AMK) ("the Corporation") today announced that it has closed the private placement previously announced on September 28, 2015. A total of 200,000 flow-through units ("FT Units) were subscribed for in the final tranche at a price of $0.05 per FT Unit for gross proceeds of $10,000. Each FT Unit consists of one flow-through common share of the Corporation and one non-transferrable, non flow-through common share purchase warrant ("Warrant"). Each Warrant may be exercised for one additional common share for a period of 30 months from the closing date of the offering at a price of $0.08 if exercised in the first 24 months and $0.10 thereafter if exercised in the remaining 6 month period.
The common shares and warrants issued in this Offering are subject to a hold period of four months plus a day from issuance.
Proceeds from this private placement will be used for exploration related expenses.
This private placement is subject to approval by the TSX Venture Exchange.
American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.
Information relating to the Corporation is available on its website at www.americancreek.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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