RAYMOND, AB, March 15 /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 4,000,000 units ("Units") at a price of $0.15 per Unit for gross proceeds of $600,000 if the Offering is fully subscribed. Each Unit will consist of one common share ("Common Share") of the Corporation along with one non-transferable Common Share purchase warrant (a "Warrant"). Each Warrant may be exercised for one additional Common Share at a price of $0.20 per Common Share for a period of two years from the closing of the Offering.
Units will be offered to qualified purchasers resident in Canada in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. Insiders of the Corporation may participate in the Offering.
The Offering is subject to acceptance 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.
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.
SOURCE AMERICAN CREEK RESOURCES LTD.
For further information: For further information: Kelvin Burton at: Phone: (403) 752-4040 or Email: email@example.com; Information relating to the Corporation is available on its website at www.americancreek.com