American Creek Resources Ltd. (TSXV:AMK) announced a non-brokered private placement of up to 750,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 300,000 on July 14, 2016. Each unit consists of three flow-through common share, one non flow-through common share and four non-transferable warrant. Each warrant is exercisable into one non flow-through common share of the company at a price of CAD 0.015 per share for a period of 12 months from closing. The transaction may involve participation from certain insiders of the company. The transaction is subject approval from TSX Venture Exchange. The company may pay finder’s fee of 5% in cash or shares.