RAYMOND, AB, Oct. 21 /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 10,000,000 common shares of the
Corporation ("Shares") at a price of $0.08 per Share for gross proceeds of
$800,000 if the Offering is fully subscribed. The Shares will be offered to
qualified purchasers in reliance upon exemptions from the 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
("Exchange") and if permitted under applicable securities laws and the
Exchange, the Corporation will also pay a cash finder's fee to dealers,
limited market dealers or other arm's length third parties (a "Finder") equal
to 5% of the gross proceeds realized from sales made to purchasers referred to
the Corporation by a Finder. The finder's fee may be paid in either cash or
Shares or both, at the sole discretion of the Corporation.
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.
Certain information contained in this news release constitutes
forward-looking statements regarding the Corporation's mineral properties.
Forward looking statements are frequently characterized by words such as
"plan", "expect", "project", "intend", "believe", "anticipate" or statements
that certain events or conditions "may" or "will" occur. Forward-looking
statements are based on the reasonable opinions and estimates of management of
American Creek and are subject to a variety of risks, uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. These factors include: the
inherent risks involved in the exploration and development of mineral
properties, uncertainties involved in the interpretation of drill results and
other geological data, fluctuating commodity prices, unforeseen permitting
requirements, changes in environmental laws or regulations, the possibility of
project cost overruns or unanticipated costs and expenses, weather conditions,
the availability of contractors for equipment and services, the availability
of future financing and general business and economic conditions. Such
statements are also based on a number of assumptions which may prove to be
incorrect, including assumptions about general business and economic
conditions being accurate, the timing and receipt of regulatory approvals for
projects and operations, the availability of financing, the ability to secure
equipment and labour, and American Creek's ongoing relationship with third
parties. The foregoing factors, risks and assumptions are not exhaustive.
Events or circumstances could cause actual events or results to differ
materially from those estimated or projected and expressed in, or implied by,
these forward-looking statements. Accordingly, readers should not place undue
reliance on forward-looking statements. These forward-looking statements are
as of the date they are made and American Creek disclaims any obligation to
update any forward-looking statements, except as required by law.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Kelvin Burton, Phone: (403) 752-4040, Fax:
(403) 752-4020, or Email: firstname.lastname@example.org; Information relating to
the Corporation is available on its website at www.americancreek.com