American Creek's Law Firm Takes $500,000 in Stock for Legal Fees

26.11.2013  |  Marketwired

RAYMOND, ALBERTA--(Marketwired - Nov 26, 2013) - American Creek Resources Ltd. (TSX VENTURE:AMK) (the "Corporation") is pleased to announce that Miller Thomson, LLP, the Corporation's legal counsel in the litigation against Teuton Resources Corp. over the Treaty Creek Property, has agreed to take shares of the Corporation as partial payment of legal fees. A total of $500,000 debt will be settled by the issuance of 8,333,333 common shares at $0.06 per common share.

All securities issued will be subject to a hold period of 4 months and a day from issuance. This shares for debt arrangement is subject to approval by the TSX Venture Exchange.

The Treaty Creek Property is situated next to the KSM project held by Seabridge Gold Inc. and near the Brucejack (Valley of the Kings) project held by Pretium Resources Inc.

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

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.