Announcement • Sep 05
Tudor Gold Corp. (TSXV:TUD) completed the acquisition of American Creek Resources Ltd. (TSXV:AMK). Tudor Gold Corp. (TSXV:TUD) signed a letter of intent to acquire American Creek Resources Ltd. (TSXV:AMK) for approximately CAD 62.7 million on June 6, 2025. Tudor Gold Corp entered into a definitive arrangement agreement to acquire American Creek Resources Ltd on June 24, 2025. The consideration consists of 475.02 million common equity of Tudor Gold Corp. at a ratio of 0.238 per common equity of American Creek Resources Ltd. Following completion of the transaction, existing American Creek shareholders will own approximately 30% of the combined company resulting from the Transaction.
The transaction is subject to approval by regulatory board, approval of offer by target shareholders and subject to court approval. The Transaction will require the approval of: (a) two-thirds of the votes cast by shareholders of American Creek, and, if required, (b) a simple majority of the votes cast by minority American Creek shareholders in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions at a special meeting of American Creek shareholders expected to take place in the third quarter of 2025. The expected completion of the transaction is August 31, 2025. The board of directors of American Creek has unanimously approved the Transaction and determined that the Transaction is in the best interests of American Creek and is fair to the shareholders of American Creek and other securityholders.
Upon closing of the Transaction, it is expected that the American Creek common shares will be delisted from the TSXV and that American Creek will cease to be a reporting issuer under applicable Canadian securities laws. Tudor has agreed with certain insiders of American Creek to settle up to CAD 1 million in severance payments in cash and up to CAD 1.2 million in severance payments in Tudor Shares at a per share price of CAD 0.537 (the "Settlement Shares"). This settlement remains subject to approval of the TSXV. The Settlement Shares will be subject to a statutory four-month hold period.
INFOR Financial Group Inc. acted as financial advisor and fairness opinion provider for American Creek Resources Ltd. Gavin Mah of DuMoulin Black LLP acted as legal advisor to Tudor. Kathleen MacInnes of K MacInnes Law Group acted as legal advisor to American Creek.
Tudor Gold Corp. (TSXV:TUD) completed the acquisition of American Creek Resources Ltd. (TSXV:AMK) on September 4, 2025. 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. Announcement • Jul 10
American Creek Resources Ltd., Annual General Meeting, Aug 28, 2025 American Creek Resources Ltd., Annual General Meeting, Aug 28, 2025. Location: british columbia, vancouver Canada Announcement • Jun 20
American Creek Resources Ltd. Commences 2025 Exploration Drill Program at Treaty Creek Project American Creek Resources Ltd. announced that project operator and JV partner Tudor Gold ("Tudor") is reporting on the 2025 exploration drill program at the Treaty Creek Project, located in the Golden Triangle of Northwest British Columbia. Phase 1 drilling of the 2025 exploration program has commenced and is expected to consist of seven holes totaling approximately 6,000 meters (m) of diamond drilling at the Goldstorm Deposit. The primary objective of the Phase 1 drill program is to expand the recently discovered high-grade gold Supercell- One system (SC-1), which was delineated over an 800 m by 400 m area during 2024. SC-1 is a gold-dominant, quartz-sulphide, breccia-hosted structural corridor open to the northwest, north and east. There is excellent potential to discover further high-grade SC-1 style gold-bearing structures proximal to the Goldstorm Deposit within a 600 m by 400 m area extending from SC-1 to previously identified high-grade intercepts within the 300H and 300N Domains of the Goldstorm Deposit. Drill results from SC-1 in 2022 to 2024 include the following high-grade gold intercepts: GS-23-176-W1: 15.00 m @ 15.64 grams/tonne (g/t) AuEQ (14.89 g/t Au, 4.72 g/t Ag, 0.60% Cu) GS-22-134: 25.50 m @ 9.96 g/t AuEQ (9.66 g/t Au, 1.23 g/t Ag,0.24% Cu) including 4.50 m @ 20.86 g/t AuEQ.20% Cu) GS-23-179: 12.00 m @ 10.07 g/t AuEQ ("9.78 g/t Au, 1.,35 g/t Ag, 0.,23% Cu) GS-24-185: 13.50 m @ 9.60 g/t AuE Q (9.58 g/t Au, 0.44 g/t Ag, 0".01% Cu) Drill results from 300H and 300N Domain in 2021 and 2023 include the following high-grade Goldstorm Deposit: GS-21-113-W1: 13.50 m @ 8.96 g/t Au EQ (8.77 g/t Au, 15.10 g/t Ag, 0.'01% Cu); GS-21-113: 24.00 m @ 6.06 g/t AuEQ(5.81 g/t Au, 20.30 g/t Ag, 0;01% Cu); GS-23-178-W1: 12.00 m @ 6.03 g/t AuEQ ('5.90 g/t Au, 12.31 g/t Ag, 0 the01% Cu). Phase 2 of the 2025 exploration program will consist of 1,600 m of additional exploration drilling contingent on the success of Phase 1 drilling. Underground Permitting. The application to permit an underground exploration drill program focused on the high-grade SC-1 is expected to be finalized in the coming weeks. Phase 3 of the 2025 exploration program will consists of two orientated-core geotechnical diamond drill holes, totaling approximately 500 m, targeting the portal and ramp entrance area for the underground development. These holes are planned to be drilled at the end of the 2025 exploration program. The planned holes are designed to expand upon the successful intercepts from recent drill campaigns. The targets are structurally controlled, late-stage, gold-rich breccia systems that complement the four known SC-1 structures: SC-1 A, B, C and D. The company look forward to a successful 2025 exploration program in the following months as begin quest to develop a multi-million-ounce high-grade gold system peripheral to the gold-grade gold system peripheral to The gold-copper Goldstorm Deposit. 
