09:51:16 EST Tue 09 Dec 2025
Enter Symbol
or Name
USA
CA



Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 192,891,866
Close 2025-08-11 C$ 0.025
Market Cap C$ 4,822,297
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Metals Creek seeks final OK for $130,000 placement

2025-08-11 21:24 ET - News Release

Mr. Alexander Stares reports

METALS CREEK CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT FINANCING

Further to the May 27, 2025, June 24, 2025, and July 14, 2025, news releases, Metals Creek Resources Corp. has filed documents seeking final approval to close its private placement financing, including closing a third tranche consisting of 500,000 flow-through units.

On receipt of final approval, the company will have issued a total of six million two-cent 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 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 $130,000.

In connection with the private placement, the company has paid cash finders' fees totalling $4,200 and issued 210,000 non-transferable broker warrants, exercisable at five cents for three years. All securities issued pursuant to the private placement will be subject to a four-month hold period. Closing of 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.

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