CARDSTON, ALBERTA--(Marketwired - June 10, 2017) - American Creek Resources Ltd. (TSX VENTURE:AMK) ("the Corporation") today announced that it has entered into a shares for debt arrangement with the past CEO and Director of the Corporation for the settlement of $354,575.77 of the current debt outstanding dating back to 2013. The Corporation will issue 6,566,217 common shares in the capital of the Corporation at a deemed price of $0.054 per share.
The shares issued in relation to this shares for debt arrangement are subject to a hold period of four months plus a day from issuance.
This shares for debt arrangement 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. Three of those properties are located in the 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 Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, Red Tusk and Glitter King properties located in other prospective areas of the province.
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.