Mr. Alexander Stares reports
METALS CREEK CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT FINANCING
Metals Creek Resources Corp., further to its May 27, 2025, and June 25, 2025, news releases, has closed a second tranche of the its private placement financing, issuing 2.5 million two-cent flow-through (FT) units, each FT unit consisting of one flow-through common share and one-half of a common share purchase warrant, each full warrant being exercisable at five cents for three years from the date of issue, and 500,000 non-flow-through (NFT) units, each NFT unit consisting of one common share and one common share purchase warrant, each warrant being exercisable at five cents for three years from the date of issue, for aggregate gross proceeds of $60,000.
Further, the company has requested TSX Venture Exchange approval to extend the financing for 30 days to Aug. 11, 2025.
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 final 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 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).
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