By Sheri Kasprzak
New York, March 2 - American Creek Resources Ltd. wrapped a private placement of units for C$2 million.
The company sold, on a non-brokered basis, 952,380 units at C$2.10 each to MineralFields Group LP.
The units are comprised of one flow-through share and one warrant. The warrants are exercisable at C$5.00 each through March 2, 2008.
Proceeds will be used for exploration expenses on the company's Canadian mineral properties in British Columbia.
Based in Raymond, Alta., American Creek is a gold and silver exploration company.
| Issuer: | American Creek Resources Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2 million
|
| Units: | 952,380
|
| Price: | C$2.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | March 2, 2008
|
| Warrant strike price: | C$5.00
|
| Placement agent: | Non-brokered
|
| Settlement date: | March 2
|
| Stock symbol: | TSX Venture: AMK
|
| Stock price: | C$2.59 at close March 2
|
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