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Cunningham Mining to Acquire American Creek Resources

Cunningham Mining to Acquire American Creek Resources

康宁安矿业将收购美国溪资源
newsfile ·  09/06 14:43

Cardston, Alberta--(Newsfile Corp. - September 6, 2024) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the "Company" or "American Creek") is pleased to announce that it has entered into a definitive arrangement agreement dated September 5, 2024 (the "Arrangement Agreement") with Cunningham Mining Ltd. ("CML") pursuant to which CML has agreed to acquire all of the issued and outstanding common shares of American Creek (the "Shares") at a price of $0.43 per Share (the "Consideration"), in an arm's-length, all-cash transaction valued at approximately $207 million on a fully diluted basis (the "Transaction"). The Transaction will be completed by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "BCBCA").

Cardston, Alberta — (Newsfile Corp. - 2024年9月6日) — American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (以下简称“公司”或“American Creek”) 很高兴地宣布已与 Cunningham Mining Ltd. (“CML”) 签订了一项具体的安排协议,日期为2024年9月5日 (以下简称“安排协议”),根据该安排协议,CML同意以0.43美元的价格(即“交易对价”)收购 American Creek的所有已发行和流通的普通股,交易为全现金交易,基于全面摊薄的基础上约20700万美元的价值进行(以下简称“交易”)。交易将通过安排计划进行,根据英属哥伦比亚省《商业公司法》(以下简称“BCBCA”)的规定完成。

The Consideration represents a 274% premium to the $0.115 closing price of the Shares on the TSX Venture Exchange (the "TSXV") on June 5, 2024, being the last trading prior to the date that American Creek and CML entered into the previously announced non-binding letter of intent (the "LOI") for the Transaction, which LOI has now been superseded by the Arrangement Agreement. In addition, the Consideration represents a 153% premium to the closing price of Shares on the TSXV on September 4, 2024 and a 155% premium based on American Creek's 30-trading day volume weighted average price ("VWAP") on the TSXV for the period ending September 4, 2024. Holders of outstanding options and warrants to purchase shares of American Creek will receive a cash payment for the "in-the-money" value, if any, in respect of all vested options and warrants of American Creek. The Company announced on August 6, 2024, that at that time it had received confirmation that CML has entered into a token subscription facility of up to US$153M for a 36-month term following a centralized exchange listing of the Cunningham Mining Token, the funds from which are expected to be used to fund CML's financial obligations under the Arrangement Agreement.

该交易价格较2024年6月5日在TSX Venture Exchange (以下简称“TSXV”)上的American Creek股票收盘价0.115美元溢价274%,此前即American Creek和CML签署的交易前的最后交易日,该交易已被之前公告的非约束力意向书(以下简称“LOI”)所取代,并据此取代的是之前LOI的交易协议。此外,交易价格较2024年9月4日TSXV上American Creek股票收盘价溢价153%,并基于American Creek在TSXV上的30个交易日的成交量加权平均价(“VWAP”)为期截至2024年9月4日。持有已行权期权和认股权证的American Creek股票的持有人将根据所有已行权及认股的American Creek期权和认股权证的“入息性价值”,如有的话,获得现金支付。公司于2024年8月6日宣布,当时已收到CML已签署了一个为期36个月的代币认购项目的确认,代币认购项目的签署是在Cunningham Mining Token的中心交易所上市之后,该资金将用于CML在交易协议下的财务义务。

Ryan Cunningham, President of CML, stated: "We are very excited to enter into this agreement to acquire American Creek. The indirect acquisition in the Treaty Creek Property complements our existing portfolio of assets in the Golden Triangle. We look forward to the positive impact that the addition of the Treaty Creek Property will have on our upcoming NGTGOLD Token."

CML总裁Ryan Cunningham表示:“我们对达成收购American Creek的协议感到非常兴奋。在Treaty Creek Property的间接收购将补充我们在金三角现有资产组合。我们期待Treaty Creek Property的增加将对我们即将推出的NGTGOLD Token产生积极影响。”

Darren Blaney, CEO of American Creek, stated: "We are pleased and excited to enter into this agreement with Cunningham Mining. I commend the team at Cunningham for recognizing the value of American Creek's 20% carried interest in the Treaty Creek Project, in particular the expanding Goldstorm gold and copper deposit, and the mineral potential of the Treaty Creek Project as a whole.

American Creek首席执行官Darren Blaney表示:“我们很高兴并激动地与Cunningham Mining达成这项协议。我赞扬Cunningham团队认识到American Creek在Treaty Creek Project中持有20%的分担权益的价值,尤其是扩展的Goldstorm金铜矿床以及Treaty Creek Project作为整体的矿产潜力。”

We are also very pleased to have Eric Sprott's full support and endorsement of this transaction with Cunningham. We express our sincere appreciation for being able to associate with the Sprott team and for their significant and unwavering support through the years."

我们也非常高兴得到Eric Sprott对与Cunningham的此项交易的全力支持和认可。我们对能够与Sprott团队合作并获得他们多年来的重要和坚定支持表示衷心的感谢。

Transaction Highlights

交易要点

  • All-cash offer providing American Creek shareholders with an immediate and attractive premium.

  • All directors and officers of American Creek and American Creek's largest shareholder (being a company controlled by Eric Sprott), which collectively hold an aggregate number of Shares that represent approximately 15.5% of the currently outstanding Shares, have each entered into customary support and voting agreements (collectively, the "Voting Support Agreements") with CML pursuant to which they have agreed, among other things, to vote all of their Shares (including any Shares issued upon the exercise of any securities convertible, exercisable or exchangeable into Shares) in favour of the Transaction.

  • 向American Creek股东提供全现金报价,即时且具有吸引力的溢价。

  • American Creek的所有董事和高管以及American Creek的最大股东(由Eric Sprott控制的一家公司),共持有约15.5%的现有股份,每人与CML签署了惯例性的支持和表决协议(简称"表决支持协议"),根据该协议,他们同意在交易中投票支持所有自己的股份(包括行使任何可转换、行使或可兑换为股份的证券后获得的股份)。

Board of Directors Recommendation

董事会建议

The board of directors of American Creek (the "Board"), having received a unanimous recommendation from a special committee comprised of a majority of independent directors of American Creek (the "Special Committee") and after receiving outside legal and financial advice, has unanimously determined that the Transaction is in the best interests of American Creek and is fair to the shareholders of American Creek (the "Shareholders") and other securityholders (warrantholders and optionholders) (the "Other Securityholders") and unanimously recommends that Shareholders vote in favour of the Transaction. In making their respective determinations, the Special Committee and the Board considered, among other factors, the fairness opinion of RwE Growth Partners, Inc. The fairness opinion concluded that, as of September 2, 2024, subject to the assumptions, limitations and qualifications contained therein, the Consideration to be received by the Shareholders and the Other Securityholders pursuant to the Transaction is fair, from a financial point of view, to such Shareholders and Other Securityholders. A copy of the fairness opinion will be included in the management information circular of the Company (the "Information Circular") to be mailed to the Shareholders in connection with the special meeting of Shareholders (the "Meeting") to be called to approve the Transaction, which Meeting is expected to be scheduled to take place in late October or early November, 2024.

American Creek的董事会("董事会"),在获得美国元素公司独立董事会("特别委员会")大部分独立董事的一致建议并接受外部法律和财务建议后,一致决定交易符合American Creek的最佳利益,并对American Creek("股东")和其他安全持有人(权证持有人和认股权持有人)公平。并一致推荐股东投票支持交易。在做出各自决定时,特别委员会和董事会考虑了RwE Growth Partners, Inc.的公允意见书,该公允意见书得出结论,截至2024年9月2日,根据其中包含的假设、限制和限制,交易中股东和其他安全持有人根据交易应获得的对股东和其他安全持有人而言在财务上公平。公允意见书的副本将包括在公司的管理信息通报("信息通报")中,该通报将被寄给股东,以便就股东特别大会("大会")上讨论交易进行批准,预计该大会将于2024年10月下旬或11月上旬举行。

Transaction Details

交易细节

The Transaction will be implemented by way of a statutory plan of arrangement under Division 5 of Part 9 of the BCBCA (the "Plan of Arrangement"). Completion of the Transaction is subject to customary conditions, including, among others, court approval and regulatory approvals (including the approval of the TSXV), and will, among other things, require the approval of (i) at least two‐thirds of the votes cast by the Shareholders present in person or represented by proxy at the Meeting, and (ii) a simple majority of the votes cast by Shareholders on a resolution approving the Arrangement, excluding for this purpose the votes attached to the Shares held by persons required to be excluded for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

交易将通过BCBCA第9部分第5分册下的法定安排计划("安排计划")实施。 交易的完成受惯例条件约束,包括但不限于法庭批准和监管批准(包括TSXV的批准),并且将需要获得股东出席会议的投票中至少有三分之二以上的同意(i)和至少有简单多数的股东投票同意安排的决议(针对此目的,排除根据《多边规定61-101号法令-保护少数股东在特别交易中的权益的人士持有的股份附带的投票)。

The Arrangement Agreement provides for customary deal protection provisions, including non-solicitation covenants of American Creek, "fiduciary out" provisions in favour of American Creek and "right-to-match superior proposals" in provisions in favour of CML. The Arrangement Agreement provides for a termination fee of $6,286,125 payable by American Creek if it accepts a superior proposal and in certain specified circumstances. In addition, on or before September 30, 2024, CML will pay American Creek a cash signing fee of $300,000, which funds will be used for working capital purposes in the ordinary course of business (including reasonable expenses incurred by American Creek related to the Transaction). 50% of the signing fee (i.e. $150,000) will be repayable by American Creek to CML in equal monthly installments of $10,000 in the event that the required Shareholder approval is not obtained at the Meeting or the Transaction is terminated due to a non-curable breach of the Arrangement Agreement by American Creek.

安排协议提供了惯例交易保护条款,包括美国溪的禁止诱招义务,“美国溪优先权”规定和CML优先权的“匹配优越提案”规定。 安排协议规定,如果美国溪接受优越提案并在特定情况下终止,美国溪将支付定金款项6,286,125美元。此外,2024年9月30日或之前,CML将向美国溪支付30万美元的现金签约费,这笔资金将用于业务正常运营中的营运资金(包括美国溪与交易相关的合理费用)。签约费的50%(即15万美元)将在会议未获得必要股东批准或由于美国溪违约导致交易终止的情况下,按照每月1万美元的等额月供还给CML。

Each of American Creek and CML have made customary representations and warranties and covenants in the Arrangement Agreement, including covenants regarding the conduct of American Creek's business prior to the closing of the Transaction.

美国溪和CML在安排协议中作出了惯例陈述和保证以及约定,包括有关交易关闭前美国溪业务行为的约定。

Pursuant to the terms of the Arrangement Agreement, each outstanding option to purchase common shares in the capital of American Creek (each, an " Option") immediately prior to the effective time of the Arrangement will be, and will be deemed to be, unconditionally vested and exercisable and will be deemed to be assigned and transferred by such holder to American Creek in exchange for a cash payment from American Creek equal to the Option in-the-money amount. Each such Option will immediately be cancelled, and the holder will cease to be a holder of such Option.

根据协议的条款,安防-半导体(American Creek)普通股期权权益协议生效前持有的每一份股权期权(每份称为“期权”)将被视为无条件的并可行使的,并被视为由该持有人转让给安防-半导体,交换安防-半导体所支付的等同于期权内在价值之现金金额。每个期权将立即注销,持有人将不再持有该期权。

Each share purchase warrant of the Company (each, a "Warrant") issued and outstanding immediately prior to the effective time of the Arrangement will be deemed to be assigned and transferred by such holder to American Creek in exchange for a cash payment from American Creek equal to the Warrant in-the-money amount. Each such Warrant will immediately be cancelled, and the holder will cease to be a holder of such Warrant.

本公司每张股权购买权证(每张称为“权证”)在协议生效前立即被视为由该持有人转让给安防-半导体,交换安防-半导体所支付的等同于权证内在价值之现金金额。每张权证将立即被注销,持有人将不再持有该权证。

Subject to the satisfaction of all conditions to closing set out in the Arrangement Agreement, it is anticipated that the Transaction will be completed in late November or early December 2024. Upon closing of the Transaction, it is expected that the Shares will be delisted from the TSXV and that American Creek will cease to be a reporting issuer under applicable Canadian securities laws.

根据协议中规定的所有成交条件,预计本交易将于2024年11月底或12月初完成。交易完成后,预计该公司股份将从tsxv摘牌,并且安防-半导体将不再是适用的加拿大证券法规定的报告发行人。

The foregoing summary is qualified in its entirety by the provisions of the respective documents. Copies of the fairness opinion, and a description of the various factors considered by the Special Committee and the Board in their respective determination to approve the Transaction, as well as other relevant background information, will be included in the Information Circular to be sent to the Shareholders in advance of the Meeting. Copies of the Information Circular, the Arrangement Agreement, the Plan of Arrangement, the Voting Support Agreements and certain related documents will be filed with the applicable Canadian securities regulators and will be available in due course on SEDAR+ () under American Creek's issuer profile.

上述摘要完全受到各相关文件条款的约束。评估公正意见副本,以及特别委员会和董事会在各自决定批准交易时考虑的各种因素的描述,以及其他相关背景信息,将包含在将提前发送给股东的信息循环中。信息循环、协议协议、安排计划、投票支持协议和某些相关文件的副本将在适用的加拿大证券监管机构进行备案,并于适当的时候通过American Creek的发行人资料进行SEDAR+()公开。

About CML

关于CML

Cunningham Mining Ltd. () has successfully completed the acquisition of the placer claims known as the 'Nugget Trap Placer Mine" in the British Columbia Mineral Title registry, covering 573.7 acres, along with the accompanying permits and authorizations. The property is situated within the Skeena Mining Division of British Columbia, Canada, in the area known as BC's Golden Triangle. The company intends to digitize this and future in ground deposits as well as operating mines and claims through the issuance of its Digital Asset Token, NGTGOLD Token (nuggettrap.com). Its registered office is located at 10026 Pacific Centre, 25th FL, Vancouver, BC, V7Y 1B3.

Cunningham Mining Ltd.()已成功完成对英属哥伦比亚省矿权登记处所知的“Nugget Trap Placer Mine”的收购,涵盖573.7英亩,以及相关许可和授权。该物业位于加拿大不列颠哥伦比亚省斯基纳矿区,被称为BC黄金三角洲。该公司拟通过发行其数字资产代币NGTGOLD Token(nuggettrap.com)将此项及未来的地下存款以及经营矿山和权益数字化。其注册办公场所位于BC温哥华太平洋中心10026号,25楼,Vancouver,BC,V7Y 1B3。

About American Creek and the Treaty Creek Project

关于美国溪和Treaty Creek项目

American Creek is a proud partner in the Treaty Creek Project, a joint venture with Tudor Gold Corp. located in BC's prolific "Golden Triangle".

美国溪是Treaty Creek项目的自豪合作伙伴,这是一个与Tudor Gold Corp.共同拥有的联合风险项目,位于BC的著名"金三角"。

American Creek holds a fully carried 20% interest in the Treaty Creek Project until a production notice is given, meaning that no exploration or development costs are incurred by American Creek until such time as a production notice has been issued. American Creek shareholders have a unique opportunity to avoid the dilutive effects of exploration while maintaining their full 20% exposure to one of the world's most exciting mega deposits.

美国溪持有Treaty Creek项目的完全承担20%的权益,直到发出生产通知之前,这意味着美国溪在发出生产通知之前不会承担任何勘探或开发成本。美国溪的股东有一个独特的机会,可以避免勘探的稀释效应,同时保持完整的20%暴露于世界上最令人兴奋的巨型矿床之一。

The Company also holds the Austruck-Bonanza gold property located near Kamloops, BC.

该公司还拥有位于卡姆卢普斯,卑诗省的Austruck-Bonanza金矿物业。

ON BEHALF OF AMERICAN CREEK RESOURCES LTD.

代表AMERICAN CREEk RESOURCES LTD。

"Darren Blaney"
Darren Blaney, President & CEO

“Darren Blaney”
Darren Blaney, 总裁兼首席执行官

For further information please contact Kelvin Burton at:

如需更多信息,请联系Kelvin Burton:

Phone: (403)752-4040 or Email: info@americancreek.com.

电话:(403)752-4040 或 邮箱:info@americancreek.com。

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.

TSX Venture Exchange及其监管服务提供者(如该术语在TSX Venture Exchange规定中所定义的)不对本新闻稿的充分性或准确性承担责任。

Cautionary Statement Regarding Forward-Looking Statements

关于前瞻性声明的警示性声明 本发布将包含适用证券法的前瞻性信息("前瞻性声明"),涉及Descartes的运输管理解决方案和潜在的由此获得的好处;和其他事项。这样的前瞻性声明涉及已知和未知的风险、不确定性、假设和其他因素,可能导致实际结果、表现或成就不同于预期的结果、表现或成就或发生的发展所表达或暗示的发展。诸如代表性的因素和假设在提交给证券交易委员会、安大略证券委员会和加拿大全国证券委员会的文件中讨论,包括Descartes最近提交的管理层讨论和分析文档中。如果任何此类风险确实发生,他们可能会对我们的业务、财务状况或运营结果造成实质性的负面影响。如果出现这种情况,我们普通股的交易价格可能会下跌,甚至可能趋于实质。读者被警告不要对任何此类前瞻性声明抱有过高的依赖性,这些声明仅在发表之日有效。前瞻性声明是为了提供关于管理层当前的期望和计划,涉及未来的目的。读者被警告,这样的信息可能不适用于其他目的。我们不承担任何更新或修订任何前瞻性声明的任何义务或承诺,以反映任何基于法律要求的期望或任何该声明所基于的事实、情况或环境的任何变化,除非法律规定。

This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect American Creek's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. The forward-looking statements in this news release include statements regarding the proposed acquisition by CML of all of the Shares of American Creek and the terms thereof, CML's ability to finance the Transaction under its token subscription facility, the anticipated date of the Meeting, the anticipated filing of materials on SEDAR+, the expected date of completion of the Transaction, the expectation that the Shares will be delisted from the TSX Venture Exchange and that American Creek will cease to be a reporting issuer under applicable Canadian securities laws and other statements that are not historical fact. The forward-looking statements in this news release are based on a number of key expectations and assumptions made by American Creek including, without limitation: the Transaction will be completed on the terms currently contemplated, the Transaction will be completed in accordance with the timing currently expected, all conditions to the completion of the Transaction will be satisfied or waived and the Arrangement Agreement will not be terminated prior to the completion of the Transaction, and assumptions and expectations related to premiums to the trading price of the Shares and returns to the Shareholders. Although the forward-looking statements contained in this news release are based on what American Creek's management believes to be reasonable assumptions, American Creek cannot assure investors that actual results will be consistent with such statements.

此新闻发布可能包含前瞻性声明(符合适用证券法的含义),反映了American Creek对未来事件的当前预期。前瞻性声明可通过诸如"相信"、"预计"、"计划"、"期待"、"打算"、"计划"、"将"、"可能"、"估计"等类似表达来进行识别。此新闻发布中的前瞻性陈述包括关于CML拟收购American Creek全部股份及相关条款、CML能够在其通证认购计划下为交易提供融资的前瞻性陈述,股东大会预计日期,预计在SEDAR+上提交文件的日期,交易完成预期日期,股份预计将在TSX风险投资交易所摘牌,American Creek将停止成为适用加拿大证券法的报告发行人以及其他非历史事实的声明。此新闻发布中的前瞻性陈述基于American Creek制定的多个关键预期和假设,包括但不限于:交易将按当前所设想的条款完成,交易将按当前预期的时间进行,完成交易的所有条件将得到满足或豁免且协议协议将不会在交易完成之前被终止,以及与股东的股份交易价格溢价和回报相关的假设和预期。尽管此新闻发布中的前瞻性陈述基于American Creek管理层认为是合理的假设,但American Creek无法保证实际结果能够与这些声明保持一致。

The forward-looking statements in this news release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Such factors include, among others: the Transaction not being completed in accordance with the terms currently contemplated or the timing currently expected, or at all, expenses incurred by American Creek in connection with the Transaction that must be paid by American Creek in whole or in part regardless of whether or not the Transaction is completed, the conditions to the Transaction not being satisfied by American Creek and CML, currency fluctuations, disruptions or changes in the credit or security markets, results of operations, and general developments, market and industry conditions. Additional factors are identified in American Creek's most recent Management's Discussion and Analysis, which is available on SEDAR+ at . Readers, therefore, should not place undue reliance on any such forward-looking statements. There can be no assurance that the Transaction will be completed or that it will be completed on the terms and conditions contemplated in this news release. The proposed Transaction could be modified or terminated in accordance with its terms. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, American Creek assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

本新闻稿中的前瞻性声明并不代表未来业绩,并涉及难以控制或预测的风险和不确定性。有几个因素可能导致实际结果与前瞻性声明中讨论的结果有所不同。这些因素包括但不限于:交易未按照目前所拟定的条款或目前预期的时间完成,或根本没有完成;美国溪在与交易相关的费用必须由美国溪全额或部分支付,无论交易是否完成;交易条款未被美国溪和CML满足;货币波动;信贷或证券市场的中断或变化;运营结果和总体发展;市场和行业条件。更多因素详见美国溪最近的管理讨论与分析,可在SEDAR+上进行查询。因此,读者不应过于依赖此类前瞻性声明。不能保证交易将会完成,也不能保证交易将按照新闻稿中所述的条款和条件完成。拟议交易可能会根据其条款进行修改或终止。此外,这些前瞻性声明是基于本新闻稿的日期进行的,除非根据适用法律明确要求,美国溪不承担公开更新或修订任何前瞻性声明的义务,无论是因为新信息、未来事件或其他原因。

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