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Metals Creek Resources books another $400,000 raise for NWO project

Aug 23, 2023

Metals Creek Resources Corp. has closed a second tranche of its previously announced non-brokered private placement of flow-through and non flow-through units for aggregate gross proceeds of up to $400,000. The company has raised in this second tranche aggregate proceeds of $30,000 by issuing 1,000,000 flow-through units at $0.03 per unit (with each flow-through unit consisting of one flow-through common share and one common share purchase warrant). The flow-through unit warrants are exercisable for one common share of the Company at an exercise price of $0.06 for a period of 24 months from the date of issuance. Together with the first tranche closed on July 25, 2023, the Company has issued an aggregate of 5,847,866 flow-through units for gross proceeds of $175,436, and an aggregate of 300,000 non flow-through units for gross proceeds of $9,000. All securities issued pursuant to the Private Placement are subject to a four-month and one day hold period. 

The Company also announces that, further to a news release dated August 4, 2023, it will further extend its Private Placement to on or about September 20, 2023.

Proceeds of this Private placement will be used for ongoing exploration at the Company's Shabaqua Corners Gold Property and general working capital. 

About Metals Creek Resources Corp.

Metals Creek Resources Corp. 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% interest in the Ogden Gold Property from Newmont Corporation, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). In addition, Metals Creek owns and/or has option agreements in place to acquire a 100% interest in claims in the Shabaqua Corners area of North western Ontario.

Tags: Northern Ontario / Investment / Gold / All Articles