13:46:07 EDT Tue 07 May 2024
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or Name
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Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 157,843,466
Close 2023-12-18 C$ 0.03
Market Cap C$ 4,735,304
Recent Sedar Documents

Metals Creek seeks approval for $335,202 first tranche

2023-12-20 11:38 ET - News Release

Mr. Alexander Stares reports

METALS CREEK RESOURCES CORP. SEEKS APPROVAL FOR FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH AND NON FLOW-THROUGH UNITS

Further to Metals Creek Resources Corp.'s Nov. 29, 2023, news release, it has filed documents with the TSX Venture Exchange seeking approval to close the first tranche of its non-brokered private placement of flow-through and non-flow-through units.

On receipt of exchange approval, the company will issue 11,173,400 flow-through units for aggregate gross proceeds of $335,202. Each FT unit consists of one flow-through common share and one common share purchase warrant, each warrant being exercisable at six cents for 24 months from the date of issuance.

The company may pay finder's fees in cash and broker warrants in accordance with exchange policy.

The company intends to close the non-flow-through portion of the financing in mid-January, 2024.

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 Resources 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 kilometres 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.

We seek Safe Harbor.

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