By Laura Lutz
Des Moines, Jan. 2 - American Creek Resources Ltd. completed a private placement of units for C$3,003,400.
The company sold 2,145,284 units of one flow-through share and one transferable warrant at C$1.40 per unit. Each warrant is exercisable for one non flow-through share at C$3.00 for one year.
MineralFields Group bought 1,785,714 of the units for C$2.5 million.
The deal was non-brokered.
Proceeds will be used for exploration on the company's properties.
American Creek is a Raymond, Alta.-based mineral exploration company.
| Issuer: | American Creek Resources Ltd.
|
| Issue: | Units of one flow-through share and one non flow-through warrant
|
| Amount: | C$3,003,400
|
| Units: | 2,145,284
|
| Price: | C$1.40
|
| Warrants: | One per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$3.00
|
| Investor: | MineralFields Group (for C$2.5 million)
|
| Agent: | Non-brokered
|
| Announcement date: | Jan. 2
|
| Stock symbol: | TSX Venture: AMK
|
| Stock price: | C$1.40 at close Dec. 29
|
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