RAYMOND, AB, Dec. 5 /CNW/ - American Creek Resources Ltd. (the
"Corporation") today announced that it has agreed with Union Securities Ltd.
("Union") to amend the pricing of the brokered private placement offering
("Offering") previously announced on November 19, 2007. The Offering will be
for gross proceeds of up to $6,020,000 from the sale of any combination of:
(a) up to 6,363,637 flow-through common shares of the Corporation ("FT
Shares") at a price of $0.55 per FT Share for proceeds of up to $3,500,000;
and (b) up to 5,600,000 of units of the Corporation ("Units") at a price of
$0.45 per Unit for proceeds of up to $2,520,000. Each Unit will consist of one
common share of the Corporation ("Common Share") and one non-transferable
share purchase warrant ("Warrant") entitling the holder to acquire an
additional Common Share at a price of $0.80 at any time within 12 months of
Union will act as lead agent of a syndicate of dealers and has been
granted an over-allotment option ("Over-Allotment Option") to sell additional
Units and/or FT Shares up to 15% of the maximum number of Units and FT Shares
sold. The Over-Allotment Option must be completed within 30 business days of
the final closing date, which is to occur by December 31, 2007.
The Corporation will pay Union a cash commission equal to 7% of the gross
proceeds from the sale of the Units and FT Shares, including pursuant to the
Over-Allotment Option and issue non-transferable compensation options
entitling Union to acquire that number of Units equal to 7% of the aggregate
Units and FT Shares sold, including pursuant to the Over-Allotment Option, at
a price of $0.45 per Unit at anytime within 12 months following the final
closing of the Offering.
American Creek Resources Ltd. is an aggressive junior mineral exploration
company focused on the acquisition, exploration and development of gold and
silver deposits within the Province of British Columbia, Canada.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Darren R. Blaney, Chief Operating Officer,
Phone: (403) 752-4040, Fax: (403) 752-4020, or Email:
email@example.com; Information relating to the Corporation is
available on its website at www.americancreek.com