American Creek Announces Issuance of First Installment of Shares to Agoracom Under Shares for Services Agreement and Grants Incentive Options
Cardston, Alberta--(Newsfile Corp. - September 6, 2019) - American Creek Resources Ltd. (TSXV: AMK) ("the Company") ("American Creek") today announced that has issued Agoracom the first instalment payment consisting of 147,656 common shares of the Company under the Shares for Services Agreement previously announced July 26, 2019. The shares will have a hold period of four months and a day from issuance.
The Company also reports that it has granted 2,800,000 incentive stock options under the Corporation's stock option plan to certain Directors, Officers and contractors of the Corporation. The options were granted at a deemed price of $0.09 and are exercisable until September 5, 2029. The incentive options are subject to a hold period of four months and a day from issuance.
The granting of options is subject to approval by the TSX Venture Exchange.
About American Creek
American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia, Canada.
Three of those properties are located in BC's prolific "Golden Triangle"; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator. American Creek and Teuton Resources each have 20% interests in the project. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have "free rides".
Tudor is presently conducting a major drill program at Treaty Creek with the objective being to define a significant maiden gold resource.
American Creek is also presently conducting a drill program on its 100% owned Dunwell Mine project located just outside of Stewart.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: firstname.lastname@example.org. Information relating to the Corporation is available on its website at www.americancreek.com
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.
This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company's management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company's profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.
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