American Creek announces closing of $800,000 private placement



    TSX-V: AMK

    RAYMOND, AB, Aug. 31 /CNW/ - American Creek Resources Ltd. (the
"Corporation") today announced that it closed the remainder of the fully
subscribed private placement announced on July 15, 2009, by issuing 1,375,000
units ("Units") for proceeds of $550,000, for an aggregate total of 2,000,000
Units and gross proceeds of $800,000.
    Each Unit consists of one flow-through common share of the Corporation
("FT Share") along with one non-flow-through common share of the Corporation
("Common Share") and two non-transferable Common Share purchase warrants (a
"Warrant"). Each whole Warrant may be exercised for one additional
non-flow-through Common Share at a price of $0.40 per Common Share for a
period of two years from the closing of the Offering, provided that the
Warrants will expire if not exercised within 15 business days from receipt by
the holder of written notice from the Corporation that the Common Shares have
traded at $0.80 or higher for 10 consecutive trading days. Insiders of the
Corporation purchased an aggregate of 97,500 Units under the private
placement.
    The Corporation paid finder's fees consisting of $7,300.00 cash and
36,500 non-transferable warrants to certain arm's length finders in connection
with the private placement. All securities issued in connection with the final
tranche of the private placement are subject to a hold period which expires on
December 31, 2009.
    Proceeds from the FT Share portion of each Unit will be used to incur
expenditures which qualify as Canadian Exploration Expenses and will be spent
primarily on the Corporation's Treaty Creek Project located in British
Columbia. The remainder of the proceeds will be used for general working
capital.

    The Corporation is a Canadian 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.
    





For further information:

For further information: Darren Blaney, 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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