American Creek Resources Completes $1.2 Million Non-Brokered Private Placement

Rhea-AI Summary

American Creek Resources (ACKRF) has successfully completed its non-brokered private placement offering, raising gross proceeds of $1.2 million. The company issued 13,333,329 units through the fully-subscribed offering. As part of the transaction, American Creek paid $27,621 in finder's fees and issued 306,900 warrants, each exercisable for one common share at $0.14 for three years. All securities issued are subject to a hold period until September 2, 2025, in compliance with TSXV policies.

Positive

• Successfully raised $1.2 million in capital through private placement
• Offering was fully subscribed, indicating investor interest
• Three-year warrant terms provide potential additional future funding

Negative

• Dilution of existing shareholders through issuance of 13.3M new units
• Additional potential dilution from 306,900 finder's warrants

Cardston, Alberta--(Newsfile Corp. - May 1, 2025) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the "Company" or "American Creek") is pleased to announce that it has closed its fully-subscribed non-brokered private placement (the "Offering") previously announced on April 14, 2025 and increased on April 23, 2025. Under the Offering, the Company has issued 13,333,329 units for gross proceeds of $1,199,999.61.

In connection with the Offering, the Company paid a total of $27,621 and issued a total of 306,900 warrants as finder's fees. Each finder's warrant is exercisable for one common share at a price of $0.14 for three years.

All securities issued under the Offering are subject to a hold period expiring September 2, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange ("TSXV").

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is 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 20% interest in the Treaty Creek Project until a production notice is given, meaning that no exploration or development costs are incurred by American Creek until such time as a production notice has been issued. American Creek shareholders have a unique opportunity to avoid the dilutive effects of exploration while maintaining their full 20% exposure to one of the world's most exciting mega deposits.

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.

Not for distribution to United States newswire services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250555

FAQ

How much did American Creek Resources (ACKRF) raise in their May 2025 private placement?

American Creek Resources raised $1,199,999.61 (approximately $1.2 million) through their May 2025 non-brokered private placement.

How many units did ACKRF issue in their 2025 private placement?

American Creek Resources issued 13,333,329 units in their May 2025 private placement.

What are the terms of the finder's warrants in ACKRF's private placement?

The finder's warrants (306,900 total) are exercisable for one common share at a price of $0.14 for three years.

When does the hold period expire for ACKRF's May 2025 private placement securities?

The securities issued under the private placement have a hold period that expires on September 2, 2025.