02:02 PM EDT, 06/09/2025 (MT Newswires) -- Tudor Gold ( TDRRF ) on Monday said it is acquiring American Creek Resources ( ACKRF ) via an all-share transaction and the two parties have signed a letter of intent, with a definitive agreement expected by mid-July.

American Creek has a 20% stake, and Tudor a 60% stake, in the Treaty Creek Project in northwest British Columbia. After the transaction Tudor will hold an 80% interest in the project, which hosts the Goldstorm Deposit.

American Creek shareholders will receive 0.24 Tudor share per American Creek share. The transaction, which is expected to close by Sept. 30, will see American Creek shareholders own 30% of the combined company.

Tudor Gold ( TDRRF ) was last seen down $0.02 to $0.54 on the TSX Venture Exchange, while American Creek Resources ( ACKRF ) has jumped 26% from a near 52-week low, to $0.12.

Price: 0.54, Change: -0.02, Percent Change: -3.57