American Creek Resources Ltd. (TSXV:AMK) announced a non-brokered private placement of up to 6,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 300,000 on April 21, 2017. Each unit consists of one common share and one non-transferrable warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.08 per share for a period of 24 months from closing. The transaction may involve participation from certain insiders of the company. The transaction is subject approval from TSX Venture Exchange. The securities issued are subject to hold period of four months plus one day after the closing date. The closing price of the Its shares on the TSX Venture Exchange exceeds CAD 0.12 for 20 consecutive trading days, then the company may provide notice to the warrant holders of early expiry and thereafter, the warrants will expire on the date which is 15 days after the date of the notice to the warrant holders.