American Creek Resources Announces Mailing of Meeting Materials and Receipt of Interim Order in Respect of Plan of Arrangement with Cunningham Mining
American Creek Resources announces the mailing of meeting materials for its annual general and special meeting on November 27, 2024, where shareholders will vote on a plan of arrangement with Cunningham Mining. Under the arrangement, Cunningham Mining will acquire all outstanding American Creek shares at $0.43 per share. The company has received an interim order from the Supreme Court of British Columbia for the arrangement. The board of directors unanimously recommends shareholders vote FOR the arrangement. The meeting will be held in Vancouver, with October 23, 2024, set as the record date for voting eligibility.
American Creek Resources annuncia l'invio dei materiali per la riunione per la sua assemblea generale annuale e straordinaria che si terrà il 27 novembre 2024, dove gli azionisti voteranno su un piano di ristrutturazione con Cunningham Mining. Secondo l'accordo, Cunningham Mining acquisirà tutte le azioni in circolazione di American Creek a $0,43 per azione. L'azienda ha ricevuto un ordine provvisorio dalla Corte Suprema della Columbia Britannica per l'accordo. Il consiglio di amministrazione raccomanda all'unanimità agli azionisti di votare a favore dell'accordo. La riunione si terrà a Vancouver, con il 23 ottobre 2024, fissato come data di registrazione per l'idoneità al voto.
American Creek Resources anuncia el envío de materiales para la reunión de su asamblea general y extraordinaria que se llevará a cabo el 27 de noviembre de 2024, donde los accionistas votarán sobre un plan de acuerdo con Cunningham Mining. Según el acuerdo, Cunningham Mining adquirirá todas las acciones en circulación de American Creek a $0,43 por acción. La empresa ha recibido una orden temporal de la Corte Suprema de Columbia Británica para el acuerdo. La junta directiva recomienda unánimemente a los accionistas que voten a FAVOR del acuerdo. La reunión se llevará a cabo en Vancouver, con el 23 de octubre de 2024, establecido como la fecha de registro para la elegibilidad para votar.
American Creek Resources는 2024년 11월 27일에 열릴 연례 일반 및 특별 회의에 대한 자료를 발송한다고 발표했습니다. 이 회의에서 주주들은 Cunningham Mining과의 계약 계획에 대해 투표할 것입니다. 이 계약에 따라 Cunningham Mining은 American Creek의 모든 발행 주식을 $0.43 per share에 인수할 예정입니다. 이 회사는 계약을 위해 브리티시컬럼비아주 대법원으로부터 임시 명령을 받았습니다. 이사회는 주주들에게 계약에 대해 찬성하여 투표할 것을 만장일치로 권장합니다. 회의는 밴쿠버에서 열리며, 2024년 10월 23일이 투표 자격을 위한 기록일로 설정되어 있습니다.
American Creek Resources annonce l'envoi des documents de réunion pour son assemblée générale annuelle et extraordinaire qui se tiendra le 27 novembre 2024, où les actionnaires voteront sur un plan d'arrangement avec Cunningham Mining. Selon l'arrangement, Cunningham Mining acquerra toutes les actions en circulation d'American Creek à 0,43 $ par action. L'entreprise a reçu une ordonnance intérimaire de la Cour suprême de la Colombie-Britannique pour l'arrangement. Le conseil d'administration recommande à l'unanimité aux actionnaires de voter POUR l'arrangement. La réunion se tiendra à Vancouver, avec le 23 octobre 2024 comme date d'enregistrement pour l'éligibilité au vote.
American Creek Resources kündigt den Versand von Versammlungsunterlagen für die Haupt- und außerordentliche Hauptversammlung am 27. November 2024 an, bei der die Aktionäre über einen Arrangementplan mit Cunningham Mining abstimmen werden. Im Rahmen des Arrangements wird Cunningham Mining alle ausstehenden Aktien von American Creek zu einem Preis von 0,43 $ pro Aktie erwerben. Das Unternehmen hat eine einstweilige Verfügung des Obersten Gerichtshofs von British Columbia für das Arrangement erhalten. Der Vorstand empfiehlt einstimmig, dass die Aktionäre FÜR das Arrangement stimmen. Die Versammlung findet in Vancouver statt, wobei der 23. Oktober 2024 als Stichtag für die Wählerschaft festgelegt ist.
- Acquisition offer at $0.43 per share provides immediate value to shareholders
- Unanimous board approval and recommendation for the arrangement
- Receipt of interim court order advancing the transaction process
- None.
Cardston, Alberta--(Newsfile Corp. - October 31, 2024) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the "Company" or "American Creek") announces that its management information circular (the "Circular") and related meeting materials were mailed today, October 31, 2024, for its annual general and special meeting (the "Meeting") of the Company's shareholders (the "Shareholders") to approve, amongst other things, a statutory plan of arrangement (the "Arrangement") involving American Creek and Cunningham Mining Ltd. (the "Purchaser") under Division 5 of Part 9 of the Business Corporations Act (British Columbia) ("BCBCA"). The Arrangement is subject to the terms and conditions of an arrangement agreement (the "Arrangement Agreement") summarized in the Company's September 6, 2024 news release and more particularly described in the Circular. Under the terms of the Arrangement Agreement, among other things, the Purchaser will acquire all of the issued and outstanding common shares of American Creek at a price of
The Circular and related Meeting materials have been publicly filed by American Creek under its issuer profile on SEDAR+ at www.sedarplus.ca.
Prior to entering into the Arrangement Agreement, the board of directors of the Company unanimously determined that the Arrangement is fair to all securityholders of the Company (Shareholders, warrantholders and optionholders) and that the Arrangement and the entering into of the Arrangement Agreement were in the best interests of the Company. The board of directors of the Company recommends that Shareholders vote FOR the Arrangement.
The Meeting
The Meeting will be held on Wednesday, November 27, 2024 at 10:00 a.m. (Vancouver Time) at 5th Floor, 410 West Georgia Street, Vancouver, British Columbia. At the Meeting, in addition to the typical general meeting items of business, Shareholders will be asked to consider, and, if deemed advisable, pass, with or without amendment, a special resolution of the Shareholders to approve the Arrangement (the "Arrangement Resolution").
The Circular, form of proxy, voting instruction form and letter of transmittal, as applicable, for the Meeting contain comprehensive information with respect to how registered and beneficial Shareholders may vote on the matters to be considered at the Meeting. As noted above, the Circular and other Meeting materials are also available under the Company's profile on SEDAR+ at www.sedarplus.ca. Only Shareholders of record as of the close of business on Wednesday, October 23, 2024, and their duly appointed proxyholders, are eligible to vote at the Meeting.
The deadline for completed proxies to be received by the Company's transfer agent is Monday, November 25, 2024 at 10:00 a.m. (Vancouver Time).
Receipt of Interim Court Order
The Company also announces that on Monday, October 21, 2024, it obtained the interim order (the "Interim Order") providing for the calling and holding of the Meeting and other procedural matter from Supreme Court of British Columbia regarding the Arrangement.
Completion of the Arrangement remains subject to, among other things, (i) approval of the Arrangement Resolution at the Meeting, (ii) receipt of the final approval of the Supreme Court of British Columbia, and (iii) other customary closing conditions set forth in the Arrangement Agreement.
About American Creek and the Treaty Creek Project
American Creek is a proud partner in the Treaty Creek Project, a joint venture with Tudor Gold Corp. located in BC's prolific "Golden Triangle".
American Creek holds a fully carried
The Company also holds the Austruck-Bonanza gold property located near Kamloops, BC.
ON BEHALF OF AMERICAN CREEK RESOURCES LTD.
"Darren Blaney"
Darren Blaney, President & CEO
For further information please contact Kelvin Burton at:
Phone: (403)752-4040 or Email: info@americancreek.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect American Creek's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. The forward-looking statements in this news release are based on a number of key expectations and assumptions made by American Creek as of the date hereof. Although the forward-looking statements contained in this news release are based on what American Creek's management believes to be reasonable assumptions, American Creek cannot assure investors that actual results will be consistent with such statements.
The forward-looking statements in this news release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including those identified in American Creek's most recent Management's Discussion and Analysis, which is available on SEDAR+ at www.sedarplus.ca. Readers, therefore, should not place undue reliance on any such forward-looking statements. These forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, American Creek assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228477
FAQ
What is the acquisition price per share offered to American Creek Resources (ACKRF) shareholders?
When is American Creek Resources (ACKRF) shareholder meeting for the Cunningham Mining arrangement?
What is the record date for American Creek Resources (ACKRF) shareholders to vote on the arrangement?
Has the American Creek Resources (ACKRF) board approved the Cunningham Mining arrangement?
