American Creek Resources Announces Termination of Arrangement Agreement
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) has announced the termination of its Arrangement Agreement with Cunningham Mining (CML), which was originally dated September 5, 2024, and subsequently amended on December 30, 2024, and January 31, 2025.
As part of the termination agreement, both parties have provided mutual releases. CML has agreed to compensate American Creek with CAD$150,000 worth of NGTG$$ tokens, which will be transferred to American Creek's wallet and released after a 9-month period.
The companies have agreed to explore an alternative agreement that could potentially combine the gold RWA token sector with the gold exploration sector, aiming to add significant value for shareholders. American Creek will provide updates when material information becomes available.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) ha annunciato la risoluzione del suo Accordo di Intesa con Cunningham Mining (CML), originariamente datato 5 settembre 2024, e successivamente modificato il 30 dicembre 2024 e il 31 gennaio 2025.
Come parte dell'accordo di risoluzione, entrambe le parti hanno fornito liberatorie reciproche. CML ha accettato di compensare American Creek con token NGTG del valore di 150.000 CAD, che saranno trasferiti nel portafoglio di American Creek e rilasciati dopo un periodo di 9 mesi.
Le aziende hanno concordato di esplorare un accordo alternativo che potrebbe potenzialmente combinare il settore dei token RWA dell'oro con il settore dell'esplorazione dell'oro, con l'obiettivo di aggiungere valore significativo per gli azionisti. American Creek fornirà aggiornamenti quando informazioni rilevanti diventeranno disponibili.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) ha anunciado la terminación de su Acuerdo de Arreglo con Cunningham Mining (CML), que fue fechado originalmente el 5 de septiembre de 2024, y posteriormente enmendado el 30 de diciembre de 2024 y el 31 de enero de 2025.
Como parte del acuerdo de terminación, ambas partes han proporcionado liberaciones mutuas. CML ha acordado compensar a American Creek con tokens NGTG por un valor de 150,000 CAD, que serán transferidos a la billetera de American Creek y liberados después de un período de 9 meses.
Las empresas han acordado explorar un acuerdo alternativo que podría potencialmente combinar el sector de tokens RWA de oro con el sector de exploración de oro, con el objetivo de agregar un valor significativo para los accionistas. American Creek proporcionará actualizaciones cuando la información material esté disponible.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF)는 Cunningham Mining (CML)과의 합의 계약 종료를 발표했습니다. 이 계약은 원래 2024년 9월 5일에 체결되었으며, 2024년 12월 30일과 2025년 1월 31일에 수정되었습니다.
종료 계약의 일환으로, 양 당사자는 상호 면제를 제공했습니다. CML은 American Creek에 150,000 CAD 상당의 NGTG$$ 토큰을 보상하기로 합의했으며, 이는 American Creek의 지갑으로 전송되어 9개월 후에 해제될 예정입니다.
두 회사는 금 RWA 토큰 부문과 금 탐사 부문을 결합할 수 있는 대체 계약을 탐색하기로 합의했으며, 이는 주주에게 상당한 가치를 추가하는 것을 목표로 하고 있습니다. American Creek는 중요한 정보가 제공될 때 업데이트를 제공할 것입니다.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) a annoncé la résiliation de son Accord d'Arrangement avec Cunningham Mining (CML), qui a été initialement daté du 5 septembre 2024, puis modifié le 30 décembre 2024 et le 31 janvier 2025.
Dans le cadre de l'accord de résiliation, les deux parties ont fourni des libérations mutuelles. CML a accepté de compenser American Creek avec des tokens NGTG d'une valeur de 150 000 CAD, qui seront transférés dans le portefeuille d'American Creek et libérés après une période de 9 mois.
Les entreprises ont convenu d'explorer un accord alternatif qui pourrait potentiellement combiner le secteur des tokens RWA en or avec le secteur de l'exploration aurifère, visant à ajouter une valeur significative pour les actionnaires. American Creek fournira des mises à jour lorsque des informations matérielles deviendront disponibles.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) hat die Beendigung seines Arrangementvertrags mit Cunningham Mining (CML) bekannt gegeben, der ursprünglich am 5. September 2024 datiert war und anschließend am 30. Dezember 2024 sowie am 31. Januar 2025 geändert wurde.
Im Rahmen des Beendigungsabkommens haben beide Parteien gegenseitige Freigaben erteilt. CML hat sich bereit erklärt, American Creek mit NGTG$$-Token im Wert von 150.000 CAD zu entschädigen, die in die Brieftasche von American Creek übertragen und nach einer Frist von 9 Monaten freigegeben werden.
Die Unternehmen haben sich darauf geeinigt, eine alternative Vereinbarung zu prüfen, die potenziell den Sektor der Gold-RWA-Token mit dem Sektor der Goldexploration kombinieren könnte, mit dem Ziel, den Aktionären einen erheblichen Mehrwert zu bieten. American Creek wird Updates bereitstellen, sobald wesentliche Informationen verfügbar sind.
- Received compensation of CAD$150,000 in NGTG$$ tokens from CML
- Potential new agreement being explored to combine gold RWA token and exploration sectors
- Termination of previously announced Arrangement Agreement
Cardston, Alberta--(Newsfile Corp. - February 21, 2025) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the "Company" or "American Creek") announces that it has agreed with Cunningham Mining Ltd. ("CML") to terminate the Arrangement Agreement between the parties dated September 5, 2024, as amended December 30, 2024 and January 31, 2025. In a termination agreement signed by the parties last night, the parties provided mutual releases to each other in relation to the Arrangement Agreement. In addition, CML agreed to pay the Company CAD
The Company also announces that American Creek and CML/NGTG$$ have agreed to explore an alternate agreement/transaction between the parties that could have the potential to add significant value to shareholders through the alignment of the gold RWA token sector and the gold exploration sector. The Company will provide additional updates if and when material information becomes available.
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/241752
FAQ
What compensation did American Creek (ACKRF) receive for terminating the Arrangement Agreement?
When was the original Arrangement Agreement between American Creek (ACKRF) and Cunningham Mining signed?
What are American Creek's (ACKRF) plans following the termination of the Arrangement Agreement?
When will the NGTG$$ tokens be released to American Creek (ACKRF)?
