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Message: American Creek investor Sprott acquires 20M shares

American Creek investor Sprott acquires 20M shares

Mr. Eric Sprott, investor, reports

ERIC SPROTT ANNOUNCES HOLDINGS IN AMERICAN CREEK RESOURCES LTD.

Eric Sprott's 2176423 Ontario Ltd. has exercised 20 million common share purchase warrants of American Creek Resources Ltd. at 6.5 cents per common share for aggregate consideration of $1.3-million. The exercise of Warrants, combined with prior corporate treasury issuances of Shares, resulted in a decrease in holdings of approximately 2.8% of the outstanding Shares on a partially diluted basis since the date of the last early warning report. Prior to such exercise, Mr. Sprott beneficially owned and controlled 32,500,000 Shares and 32,500,000 Warrants representing approximately 8.1% of the outstanding Shares on a non-diluted basis and approximately 15.0% on a partially diluted basis assuming the exercise of all such Warrants.

Mr. Sprott now beneficially owns and controls 52.5 million shares and 12,500,000 Warrants representing approximately 12.4% of the outstanding Shares on a non-diluted basis and approximately 15.0% on a partially diluted basis assuming the exercise of such Warrants. The exercise of Warrants resulted in a partially diluted ownership change of greater than 2% and, therefore, the filing of an update to the early warning report.

The Shares noted above are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

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