21:51:02 EDT Tue 07 May 2024
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or Name
USA
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Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 156,610,132
Close 2023-09-21 C$ 0.025
Market Cap C$ 3,915,253
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Metals Creek closes final tranche of private placement

2023-09-21 18:32 ET - News Release

Mr. Alexander Stares reports

METALS CREEK RESOURCES CORP. CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH AND NON FLOW-THROUGH UNITS

Further to news releases dated July 25, 2023, and Aug. 22, 2023, Metals Creek Resources Corp. has closed its third and final tranche of a previously announced non-brokered private placement of flow-through and non flow-through units.

The company has raised in this third and final tranche aggregate proceeds of $37,000 by issuing 333,334 flow-through units at three cents per unit and 900,000 non-flow-through units at three cents per unit. The non-flow-through unit warrants are exercisable for one common share of the company at an exercise price of five cents for a period of 24 months from the date of issuance. The flow-through unit warrants are exercisable for one common share of the company at an exercise price of six cents for a period of 24 months from the date of issuance.

Together with the first tranche closed on July 25, 2023, and the second tranche closed Aug. 22, 2023, the company has issued an aggregate of 6,181,200 flow-through units for gross proceeds of $185,436, and an aggregate of 1.2 million non flow-through units for gross proceeds of $36,000. Cash finder fees in the amount of $600 and 20,000 finder warrants were issued in connection with the third tranche, which are each exercisable for one common share of the company at six cents for a period of 24 months from the date of issuance.

All securities issued pursuant to the private placement are subject to a four-month-and-one-day hold period.

Proceeds of this private placement will be used for continuing exploration at the company's Shabaqua Corners gold property and general working capital.

About Metals Creek Resources Corp.

Metals Creek is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the exchange under the symbol MEK. Metals Creek has earned a 50-per-cent interest in the Ogden gold property from Newmont Corp., including the former Naybob gold mine, located six km south of Timmins, Ont., and has an eight-kilometre strike length of the prolific Porcupine-Destor fault (P-DF). In addition, Metals Creek owns and/or has option agreements in place to acquire a 100-per-cent interest in claims in the Shabaqua Corners area of Northwestern Ontario.

Metals Creek also has multiple quality projects available for option, which can be viewed on the company's website. Parties interested in seeking more information about properties available for option can contact the company.

We seek Safe Harbor.

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