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American Creek Resources ( (TSE:AMK) ) has shared an update.
American Creek Resources Ltd. has announced a second amendment to its arrangement agreement with Cunningham Mining Ltd., extending the deadline for Cunningham to acquire all outstanding shares of American Creek. This extension, which includes specific financial terms, allows American Creek to continue normal operations and remain open to superior proposals, while also ensuring coverage of legal and operational expenses through extension fees. The company’s CEO, Darren Blaney, expressed confidence in the extension, emphasizing shareholder support and the strategic benefits for the company.
More about American Creek Resources
American Creek Resources Ltd. is a company operating in the mining industry, known for its involvement in the Treaty Creek Project, a joint venture with Tudor Gold Corp. located in British Columbia’s prolific ‘Golden Triangle.’ The company holds a 20% interest in the project without incurring exploration or development costs until production commences, providing its shareholders with exposure to a significant mining deposit without dilution.
YTD Price Performance: -16.98%
Average Trading Volume: 270,527
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$98.89M
See more data about AMK stock on TipRanks’ Stock Analysis page.
