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American Creek Resources Ltd. (OTC: ACKRF) Stock Falls After Termination of Arrangement Agreement

Adam Tidrow

The mining sector has continued to be on the radars of investors in recent times, and if the trend continues for any length of time, it may be a good time to look into the American Creek Resources Ltd. (OTC: ACKRF) stock. This past Friday the company had been in the news after it made a key new announcement.

The Update

American Creek Resources announced in its news release yesterday that it had reached an agreement with Cunningham Mining Ltd. to terminate the arrangement agreement between the two entities dated September 5, 2024. It was also noted that the agreement had also been amended on December 30, 2024, and January 31, 2025. The termination agreement between the two parties was signed the day before the announcement, and in the agreement, the two parties provided mutual releases to each other.

Further Information

As part of the termination agreement Cunningham Mining also agreed to pay American Creek Resources C$150000 worth of NGTG$$ tokens. The tokens would be transferred to the wallet that is allocated to the company and then released after a period of 9 months. It is now going to be interesting to see how the market reacts to the latest announcement from American Creek Resources.

Adam Tidrow

Adam Tidrow is an avid student of the stock market and investment news. His love of the market was born out of a fascination with The Great Recession and the events leading up to it and its eventual recovery. His obsession with the market bleeds into his job as head of a change and crisis management firm in upstate New York. Email Adam at adam@adamtidrow.com