Mr. Alexander Stares reports
METALS CREEK FILES FOR FINAL APPROVAL, CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT FINANCING
Further to the Oct. 21, 2025, and Nov. 18, 2025, news releases, Metals Creek Resources Corp. has filed documents with the TSX Venture Exchange seeking final approval of its previously announced private placement financing.
Further, the company has closed a second and final tranche of the financing, issuing 1.4 million four-cent flow-through 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 six cents for two years from the date of issue, for a total in the two tranches of 10,025,000 FT units and 7.5 million 3.5-cent non-flow-through units, each NFT unit consisting of one common share and one common share purchase warrant, each warrant being exercisable at six cents for five years from the date of issue, for total aggregate gross proceeds of $663,500.
In connection with the private placement, the company has paid cash finders' fees totalling $43,050 and issued 1,137,500 non-transferable broker warrants, 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 British Columbia, 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 south of Timmins, Ont., and has an eight-kilometre strike length of the prolific Porcupine-Destor fault.
Metals Creek also has multiple quality projects available for option which can be viewed on the company's website.
© 2025 Canjex Publishing Ltd. All rights reserved.