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CARDSTON, ALBERTA--(Marketwired - April 15, 2015) - American Creek Resources Ltd. (TSX VENTURE:AMK) (the "Corporation") today announced that it has closed the first tranche of the non-brokered private placement ("the Offering") that was previously announced on March 24, 2015. A total of 5,999,966 units ("Units") were subscribed for at a price of $0.06 per Unit for gross proceeds of $359,998. Each Unit consists of one common share of the Corporation ("Common Share") and one non-transferrable Common Share purchase warrant ("Warrant"). Each Warrant may be exercised for one additional Common Share for a period of 24 months from the closing date at a price of $0.08 per share if exercised in the first 12 months and $0.10 per share if exercised in the remaining 12 month period, provided that the Warrants will expire if not exercised within 15 business days from receipt by the holder of written notice that the trading price of the Common Shares has exceeded $0.12 for 10 consecutive trading days. |
