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Tudor Gold Closes Acquisition of American Creek
AssetMarkAssetMark(US:AMK) Newsfileยท2025-09-04 09:30

Core Viewpoint - Tudor Gold Corp. has successfully completed the acquisition of American Creek Resources Ltd., increasing its ownership interest in the Treaty Creek Project to 80% [1][2][3]. Transaction Details - The acquisition was executed under an arrangement agreement announced on June 26, 2025, where Tudor acquired all issued and outstanding common shares of American Creek, making it a wholly-owned subsidiary [2]. - American Creek shareholders received 0.238 of a common share of Tudor for each share held, establishing the exchange ratio [2]. - AMK options were replaced with Tudor options at the same exchange ratio, while AMK warrants will remain outstanding and can be exercised for Tudor shares at the same ratio [2]. Strategic Implications - The acquisition positions Tudor to attract a broader range of potential investors and enhances its exploration capabilities in the Treaty Creek Project, which is noted for its significant gold discovery potential [3]. - The company has settled $1,220,733 in severance payments to former insiders of AMK, issuing 2,273,244 common shares at a price of $0.537 per share [3]. Market Impact - AMK shares are expected to be delisted from the TSX Venture Exchange and OTCQB on September 5, 2025, as Tudor plans to cease American Creek's public reporting obligations [4]. Company Background - Tudor Gold Corp. is focused on precious and base metals exploration and development in British Columbia's Golden Triangle, an area known for its rich mineral deposits [7].