American Creek announces $1,250,000 private placement offering with MineralFields



    TSXV: AMK

    RAYMOND, AB, Aug. 11 /CNW/ - American Creek Resources Ltd. (the
"Corporation") today announced that it will be offering on a non-brokered
private placement basis (the "Offering") up to 4,1666,666 units ("Units") at a
price of $0.30 per Unit for gross proceeds of up to $1,250,000 to the
MineralFields Group. Each Unit will consist of one flow-through common share
of the Corporation ("FT Share") and one warrant (a "Warrant"). Each whole
Warrant may be exercised for one additional non-flow-through common share
("Common Share") at a price of $0.45 per Common Share for a period of 24
months from the date of closing of the Offering, provided that the Warrants
will expire if not exercised within 15 days from receipt by the holder of
written notice from the Corporation that the Common Shares have a closing
trading price of $0.90 or higher for 10 consecutive trading days.
    The Offering is subject to acceptance by the TSX Venture Exchange (the
"Exchange") and if permitted under applicable securities laws and by the
Exchange, the Corporation will pay a cash finder's fee in the amount of 5% of
the gross proceeds of the Offering to Limited Market Dealer Inc. In addition,
Limited Market Dealer Inc. shall receive that number of Warrants equal to 10%
of the Units sold under the Offering.
    Allan Burton, the President and Chief Executive Officer of the
Corporation said: "we look forward to working with the MineralFields Group as
we develop the Treaty Creek Project in the Province of British Columbia."
    The proceeds from the Offering will be used to finance the Corporation's
ongoing exploration and development activities at the Treaty Creek Project.

    
    About MineralFields, Pathway and First Canadian Securities (R)
    --------------------------------------------------------------
    

    MineralFields Group (a division of Pathway Asset Management), based in
Toronto and Vancouver, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset
Management also specializes in the manufacturing and distribution of
structured products and mutual funds (including the Pathway Multi Series Funds
Inc. corporate-class mutual fund series). Information about MineralFields
Group is available at www.mineralfields.com. First Canadian Securities (R) is
active in leading resource financings (both flow-through and hard dollar PIPE
financings) on competitive, effective and service-friendly terms, and offers
investment banking, mergers and acquisitions, and mining industry consulting,
services to resource companies. MineralFields and Pathway have financed
several hundred mining and oil and gas exploration companies to date through
First Canadian Securities (R).

    
    About American Creek Resources Ltd.
    -----------------------------------

    The Corporation is a Canadian junior mineral exploration company focused
on the acquisition, exploration and development of mineral deposits within the
Province of British Columbia, Canada.

    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.

    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.
    





For further information:

For further information: Darren Blaney at: Phone: (403) 752-4040, Fax:
(403) 752-4020 or Email: info@americancreek.com. Information relating to the
Corporation is available on its website at www.americancreek.com

Organization Profile

AMERICAN CREEK RESOURCES LTD.

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