RAYMOND, AB, March 6 /CNW/ - American Creek Resources Ltd. (the
"Corporation") (TSX Venture: AMK) today announced that it will be offering on
a non-brokered private placement basis (the "Offering") up to 750,000 units of
the Corporation ("Units") at a price of $2.00 per Unit for gross proceeds of
$1.5 million if the Offering is fully subscribed. Each Unit will consist of
one common share of the Corporation ("Common Share") and one non-transferable
common share purchase warrant (a "Warrant"). Each Warrant may be exercised for
one additional Common Share at a price of $3.50 for a period of one year from
the closing of the Offering.
The Units will be offered to qualified purchasers in reliance upon
exemptions from the prospectus and registration requirements of applicable
If permitted under applicable securities laws and the TSX Venture
Exchange, the Corporation will also pay a 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 Common
Shares or both, at the sole discretion of the Corporation.
The Offering, including payment of the finder's fees is subject to
regulatory approval and closing of the Offering is expected to occur on or
about March 16, 2007.
American Creek Resources Ltd. is a well funded Canadian mineral
exploration company focused on the acquisition, exploration and development of
gold and silver deposits, with several projects in the Province of British
The Corporation's shares trade on the TSX Venture Exchange under the
Information relating to the Corporation is available on its website at
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, Tel:
(403) 752-4040, Fax: (403) 752-4020 or Email: firstname.lastname@example.org