18:46:19 EST Sun 08 Feb 2026
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Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 186,891,866
Close 2025-05-26 C$ 0.02
Market Cap C$ 3,737,837
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Metals Creek arranges $400,000 private placement

2025-05-27 09:50 ET - News Release

Mr. Alexander Stares reports

METALS CREEK RESOURCES CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Metals Creek Resources Corp. intends to complete a non-brokered private placement of flow-through units. The private placement is expected to close on or before June 30, 2025.

The company intends to issue up to 10 million flow-through units at a price of two cents per unit for aggregate proceeds of up to $200,000. Each FT unit will consist of one flow-through common share and one-half non-flow-through common share purchase warrant. Each full FT warrant will entitle the holder to purchase one additional non flow-through common share of the company at an exercise price of five cents per common share for a period of 36 months from the date of issue. The FT shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).

The company also intends to issue up to 10 million non-flow-through units at a price of two cents per unit for aggregate proceeds of up to $200,000. Each NFT unit will consist of one non-flow-through common share and one non-flow-through common share purchase warrant. Each NFT warrant will entitle the holder to purchase one additional non-flow-through common share of the company at an exercise price of five cents per common share for a period of 36 months from the date of issue.

In connection with the private placement, the company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period. The private placement is subject to approval by the TSX Venture Exchange.

The proceeds raised from the FT units will be used for exploration on the company's Newfoundland and Ontario properties, including target generation through prospecting on the company's Ogden project, and the company will ensure that such Canadian exploration expenses qualify as a flow-through mining expenditure for purposes of the Income Tax Act (Canada).

About Metals Creek Resources Corp.

Metals Creek Resources is a junior exploration company incorporated under the laws of Ontario and is a reporting issuer in Alberta, British Columbia and Ontario. 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 km strike length of the prolific Porcupine-Destor fault. In addition, the company recently completed drilling on its Tillex copper project and is awaiting assays.

Metals Creek also has multiple quality projects available for option, which can be viewed on the company's website.

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