Tudor Gold Enters Definitive Agreement For American Creek Resources Purchase

Tudor Gold (TSXV: TUD) has advanced their binding letter of intent to acquire American Creek Resources (TSXV: AMK) to a definitive agreement, locking up the purchase of one of their joint venture partners at the Treaty Creek project in British Columbia.

The transaction will see Tudor Gold increase their 60% interest in the Treaty Creek Project to 80%, following the acquisition of American Creek’s 20% interest. The remaining joint venture partner in the project is Teuton Resources (TSXV: TUO), whom also owns a 20% stake.

Terms of the transaction appear largely unchanged, with American Creek shareholders to receive 0.238 of a Tudor Gold share for each American Creek share currently held. Post transaction, American Creek shareholders will own 30% of the resulting company on a non-diluted basis.

The transaction remains subject to shareholder, regulatory and court approvals. An aggregate of 16.5% of the vote has already been locked-up in favor of the transaction. The deal is currently expected to close shortly after the special meeting of American Creek shareholders, which is expected to occur in August 2025.

Tudor Gold last traded at $0.49 on the TSX Venture.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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