By Sheri Kasprzak
New York, March 6 - American Creek Resources Ltd. intends to raise up to C$1.5 million from a private placement of units.
The non-brokered offering includes up to 750,000 units at C$2.00 each.
The units consist of one share and one warrant. The warrants allow for the purchase of another share at C$3.50 each for one year.
The deal is set to close March 16.
American Creek, located in Raymond, Alta., is a gold exploration, development and acquisition company.
| Issuer: | American Creek Resources Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 750,000
|
| Price: | C$2.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$3.50
|
| Placement agent: | Non-brokered
|
| Pricing date: | March 6
|
| Settlement date: | March 16
|
| Stock symbol: | TSX Venture: AMK
|
| Stock price: | C$2.25 at close March 6
|
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