American Creek Resources Receives Signing Fee Payment from Cunningham Mining
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) has received a $300,000 cash signing fee payment from Cunningham Mining (CML) as part of their definitive arrangement agreement dated September 5, 2024. The companies are preparing documentation for American Creek's upcoming annual general and special meeting, where shareholders will vote on the statutory plan of arrangement with CML.
CEO Darren Blaney stated that the transaction is progressing timely. He also clarified that Eric Sprott's previous voting agreement with the company expired on July 31, 2024, meaning Sprott was not legally obligated to support the proposed arrangement. However, American Creek is pleased to have Sprott's full support and endorsement for this transaction.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) ha ricevuto un pagamento in contante di 300.000 dollari come commissione di firma da Cunningham Mining (CML) come parte dell'accordo definitivo datato 5 settembre 2024. Le aziende stanno preparando la documentazione per l'imminente assemblea generale e speciale di American Creek, dove gli azionisti voteranno sul piano di ristrutturazione statutario con CML.
Il CEO Darren Blaney ha dichiarato che la transazione sta progredendo secondo i tempi previsti. Ha anche chiarito che l'accordo di voto precedente di Eric Sprott con la società è scaduto il 31 luglio 2024, il che significa che Sprott non era legalmente obbligato a supportare l'accordo proposto. Tuttavia, American Creek è lieta di avere il pieno supporto e il sostegno di Sprott per questa transazione.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) ha recibido un pago en efectivo de 300,000 dólares como tarifa de firma de Cunningham Mining (CML) como parte de su acuerdo definitivo fechado el 5 de septiembre de 2024. Las compañías están preparando la documentación para la próxima junta general y especial de American Creek, donde los accionistas votarán sobre el plan de arreglo estatutario con CML.
El CEO Darren Blaney declaró que la transacción avanza a tiempo. También aclaró que el acuerdo de votación anterior de Eric Sprott con la empresa expiró el 31 de julio de 2024, lo que significa que Sprott no estaba legalmente obligado a apoyar el arreglo propuesto. Sin embargo, American Creek se complace de contar con el pleno apoyo y respaldo de Sprott para esta transacción.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF)는 Cunningham Mining (CML)로부터 30만 달러의 현금 서명 수수료를 받았습니다. 이 금액은 2024년 9월 5일자로 체결된 최종 계약의 일환으로 지급됩니다. 두 회사는 American Creek의 다가오는 정기 주주 총회 및 특별 회의를 위한 문서를 준비하고 있으며, 주주들은 CML과의 법적 합의 계획에 대해 투표할 예정입니다.
CEO인 Darren Blaney는 이 거래가 적시에 진행되고 있다고 밝혔습니다. 그는 또한 Eric Sprott의 회사와의 이전 투표 계약이 2024년 7월 31일에 만료되었다고 설명하며, 이는 Sprott이 제안된 합의를 지원할 법적 의무가 없다는 것을 의미합니다. 그러나 American Creek는 이 거래에 대해 Sprott의 전폭적인 지원과 보증을 받게 되어 기쁩니다.
American Creek Resources (TSXV : AMK) (OTCQB : ACKRF) a reçu un paiement en espèces de 300 000 dollars comme frais de signature de Cunningham Mining (CML) dans le cadre de leur accord définitif daté du 5 septembre 2024. Les entreprises préparent la documentation pour la prochaine assemblée générale annuelle et spéciale d'American Creek, où les actionnaires voteront sur le plan de réorganisation statutaire avec CML.
Le PDG Darren Blaney a déclaré que la transaction progressait dans les délais. Il a également précisé que l'accord de vote précédent d'Eric Sprott avec la société a expiré le 31 juillet 2024, ce qui signifie que Sprott n'était pas légalement obligé de soutenir l'arrangement proposé. Cependant, American Creek est ravi de bénéficier du soutien total et de l'approbation de Sprott pour cette transaction.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) hat von Cunningham Mining (CML) eine Bar-Zahlung von 300.000 Dollar als Signing-Fee erhalten, die Teil ihrer endgültigen Vereinbarung vom 5. September 2024 ist. Die Unternehmen bereiten die Dokumentation für die bevorstehende ordentliche Hauptversammlung und die Sonderversammlung von American Creek vor, bei der die Aktionäre über den gesetzlichen Umstrukturierungsplan mit CML abstimmen werden.
CEO Darren Blaney erklärte, dass die Transaktion zeitgerecht voranschreitet. Er stellte auch klar, dass Eric Sprotts vorherige Stimmvereinbarung mit dem Unternehmen am 31. Juli 2024 abgelaufen ist, was bedeutet, dass Sprott nicht rechtlich verpflichtet war, die vorgeschlagene Vereinbarung zu unterstützen. American Creek freut sich jedoch über die volle Unterstützung und Billigung von Sprott für diese Transaktion.
- Received $300,000 cash signing fee payment from Cunningham Mining
- Eric Sprott's full support and endorsement of the transaction
- None.
Cardston, Alberta--(Newsfile Corp. - October 2, 2024) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the "Company" or "American Creek") announces that it has received the
The parties are currently working on documentation for the Company's upcoming annual general and special meeting at which, amongst other things, shareholders will be asked to approve the statutory plan of arrangement with CML. The Company will provide further details regarding the meeting once they are finalized.
Darren Blaney, CEO of American Creek, stated: "We are pleased that this transaction is moving along in a timely manner. After fielding some questions on the matter, we also want to take this opportunity to clarify that the previous voting agreement Mr. Sprott had with the Company expired July 31, 2024, therefore, he was under no legal obligation to support this proposed arrangement with Cunningham. As previously stated, we are pleased to have Eric Sprott's full support and endorsement of this transaction."
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/225345
FAQ
What is the amount of the signing fee payment American Creek Resources (ACKRF) received from Cunningham Mining?
When was the definitive arrangement agreement between American Creek Resources (ACKRF) and Cunningham Mining signed?
When did Eric Sprott's voting agreement with American Creek Resources (ACKRF) expire?
What will shareholders vote on at American Creek Resources' (ACKRF) upcoming annual general and special meeting?
