CARDSTON, ALBERTA--(Marketwired - Mar 8, 2016) - American Creek Resources Ltd. (TSX VENTURE:AMK) ("the Corporation") today announced that it has closed the non-brokered private placement that was announced on March 1, 2016. The Corporation raised proceeds of $250,000 by issuing 5,000,000 units ("Units") at a price of $0.05 per Unit. The offering was fully subscribed.
Each Unit consists of one common share of the Corporation ("Common Share") and one non-transferrable Common Share purchase warrant ("Warrant"). Each Warrant may be exercised for one additional Common Share for a period of 24 months from the closing date of the Offering at a price of $0.08.
No finder's fees were paid out with respect to this private placement. Proceeds will be used for general operating purposes including settling current debt.
The Common Shares and Warrants issued in this offering are subject to a hold period of four months and a day from issuance.
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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