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.
Sponsored · Altamira Gold Corp.
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.
