21:06:22 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 169,016,866
Close 2024-01-16 C$ 0.03
Market Cap C$ 5,070,506
Recent Sedar Documents

Metals Creek closes $335,202 FT portion of financing

2024-01-16 13:54 ET - News Release

Mr. Alexander Stares reports

METALS CREEK RESOURCES CORP. CLOSES FLOW-THROUGH PRIVATE PLACEMENT FINANCING AND EXTENDS NON FLOW-THROUGH PORTION

Further to its Nov. 29, 2023, and Dec. 20, 2023, news releases, Metals Creek Resources Corp. has closed the flow-through portion of its private placement financing.

The company has issued 11,173,400 flow-through units for aggregate gross proceeds of $335,202. Each flow-through unit consists of one flow-through common share and one common share purchase warrant, with each warrant being exercisable at six cents for 24 months from the date of issuance.

In accordance with exchange policies, the company has paid the following finders' fees:

  • Accilent Capital Management -- $10,500.12 and 350,000 broker warrants exercisable at five cents for 24 months;
  • Castlewood Capital Corp. -- $9,000 and 300,000 broker warrants exercisable at five cents for 24 months.

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

The company has received exchange approval to extend the closing of the non-flow-through portion of the private placement to Feb. 14, 2024.

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

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. 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.

© 2024 Canjex Publishing Ltd. All rights reserved.