American Creek Resources Announces Closing of Approval of Plan of Arrangement with Tudor Gold Corp.
American Creek Resources (OTCQB: ACKRF) has completed its previously announced statutory plan of arrangement with Tudor Gold Corp. Under the arrangement, Tudor has acquired all issued and outstanding shares of American Creek, making it a wholly-owned subsidiary.
American Creek shareholders will receive 0.238 Tudor shares for each American Creek share held. The company's existing options and warrants will be adjusted according to this exchange ratio. American Creek shares are expected to be delisted from TSX Venture Exchange and OTCQB on September 5, 2025, and the company will cease to be a reporting issuer.
American Creek Resources (OTCQB: ACKRF) ha completato il piano statutario di ristrutturazione annunciato in precedenza con Tudor Gold Corp. Con l'operazione, Tudor ha acquisito tutte le azioni emesse e in circolazione di American Creek, che diventa una controllata interamente partecipata.
Gli azionisti di American Creek riceveranno 0,238 azioni Tudor per ciascuna azione American Creek posseduta. Le opzioni e le warrant in essere saranno adeguate secondo questo rapporto di cambio. Le azioni di American Creek saranno cancellate dalla quotazione alla TSX Venture Exchange e all'OTCQB il 5 settembre 2025, e la societ脿 cesser脿 di essere un emittente soggetto a rendicontazione.
American Creek Resources (OTCQB: ACKRF) ha completado su plan estatutario de reorganizaci贸n anunciado previamente con Tudor Gold Corp. Seg煤n el acuerdo, Tudor ha adquirido todas las acciones emitidas y en circulaci贸n de American Creek, convirti茅ndola en una filial de propiedad total.
Los accionistas de American Creek recibir谩n 0,238 acciones de Tudor por cada acci贸n de American Creek que posean. Las opciones y warrants existentes se ajustar谩n conforme a esta relaci贸n de canje. Se espera que las acciones de American Creek sean deslistadas de la TSX Venture Exchange y del OTCQB el 5 de septiembre de 2025, y la compa帽铆a dejar谩 de ser un emisor que presenta informes.
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American Creek Resources (OTCQB: ACKRF) a finalis茅 son plan d'arrangement statutaire annonc茅 pr茅c茅demment avec Tudor Gold Corp. Dans le cadre de cet arrangement, Tudor a acquis toutes les actions 茅mises et en circulation d'American Creek, qui devient une filiale en propri茅t茅 exclusive.
Les actionnaires d'American Creek recevront 0,238 action Tudor pour chaque action American Creek d茅tenue. Les options et bons existants seront ajust茅s selon ce ratio d'茅change. Les actions d'American Creek devraient 锚tre radi茅es de la TSX Venture Exchange et du OTCQB le 5 septembre 2025, et la soci茅t茅 cessera d'锚tre un 茅metteur assujetti aux obligations de d茅claration.
American Creek Resources (OTCQB: ACKRF) hat seinen zuvor angek眉ndigten gesetzlichen Umstrukturierungsplan mit Tudor Gold Corp abgeschlossen. Im Rahmen der Vereinbarung hat Tudor alle ausgegebenen und ausstehenden Aktien von American Creek erworben, wodurch American Creek eine hundertprozentige Tochtergesellschaft wird.
Die Aktion盲re von American Creek erhalten f眉r jede gehaltene American Creek-Aktie 0,238 Tudor-Aktien. Die bestehenden Optionen und Warrants werden entsprechend diesem Umtauschverh盲ltnis angepasst. Die Aktien von American Creek werden voraussichtlich am 5. September 2025 von der TSX Venture Exchange und dem OTCQB gestrichen, und das Unternehmen wird keine meldepflichtige Gesellschaft mehr sein.
- None.
- Delisting from TSX Venture Exchange and OTCQB removes direct market access for the stock
- Company will cease to be a reporting issuer, reducing transparency for shareholders
Cardston, Alberta--(Newsfile Corp. - September 4, 2025) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the "Company" or "American Creek") is pleased to announce that further to its press releases of June 26, 2025, August 5, 2025, and September 2, 2025, that the previously announced statutory plan of arrangement (the "Arrangement") involving American Creek and Tudor Gold Corp. ("Tudor") under Division 5 of Part 9 of the Business Corporations Act (British Columbia) ("BCBCA") has closed effective at 12:01 a.m. (Vancouver time) on September 4, 2025.
Pursuant to the Arrangement, Tudor has acquired all of the issued and outstanding common shares of American Creek, which is now a wholly-owned subsidiary of Tudor. Each American Creek shareholder received 0.238 of a common share of Tudor for each American Creek share held (the "Exchange Ratio"). Each AMK option was replaced with replacement options pursuant to the Arrangement Agreement, exercisable for Tudor Shares at the Exchange Ratio. All other terms and conditions of the replacement options, including the term of expiry, vesting, conditions to and manner of exercising, are the same as the AMK options for which they were exchanged. Warrants to purchase common shares of AMK, will continue to remain outstanding as warrants of AMK which, upon exercise, will entitle the holder thereof to receive the Tudor Shares at the Exchange Ratio in lieu of a common share of AMK for each warrants so exercised.
The AMK shares are expected to be delisted from the TSX Venture Exchange and the OTCQB at the close of trading on September 5, 2025, and the Company intends to submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.
Further information regarding the Transaction is contained in the management information circular of American Creek dated July 25, 2025, which is available under American Creek's issuer profile on SEDAR+ ().
About American Creek and the Tudor Gold
Following completion of the Arrangement, American Creek is a wholly-owned subsidiary of Tudor.
Tudor Gold Corp. is a precious and base metals exploration and development company with claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectare Treaty Creek project (in which Tudor Gold has a
For further information, please visit the Tudor's website at or contact:
| Joseph Ovsenek President & CEO (778) 731-1055 Tudor Gold Corp. Suite 789, 999 West Hastings Street Vancouver, BC V6C 2W2 [email protected] (SEDAR+ filings:Tudor Gold Corp.) | Chris Curran Vice President of Investor Relations and Corporate Development (604) 559 8092 [email protected] |
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 contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to the anticipated timing for delisting of the Company's shares from the TSX Venture Exchange and the OTCQB and submission of an application by the Company to cease to be a reporting issuer.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, the anticipated timing of the delisting of the Company's shares from the TSX Venture Exchange and the OTCQB and potential future revenue and cost synergies resulting from the Transaction.
These forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. Risks and uncertainties that may cause such differences include but are not limited to: that the delisting of the Company's shares from the TSX Venture Exchange and the OTCQB and submission of an application by the Company to cease to be a reporting issuer will not be completed on the timeline or as anticipated by management or at all.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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FAQ
What is the exchange ratio for American Creek Resources (ACKRF) shares in the Tudor Gold acquisition?
When will American Creek Resources (ACKRF) be delisted from the stock exchanges?
What happens to American Creek Resources (ACKRF) options and warrants after the Tudor Gold acquisition?
Will American Creek Resources (ACKRF) continue to be a public reporting company after the Tudor Gold acquisition?
