Metals Creek Resources Corp. closes final tranche of flow-through units

Metals Creek Resources has closed its third and final tranche of a previously announced non-brokered private placement of flow-through and non flow-through units. 

The Company has raised in this third and final tranche aggregate proceeds of $37,000 by issuing 333,334 flow-through units at $0.03 per unit and 900,000 non flow-through units at $0.03 per unit. The non flow-through unit warrants are exercisable for one common share of the Company at an exercise price of $0.05 for a period of 24 months from the date of issuance. 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, and the second tranche closed August 22, 2023, the Company has issued an aggregate of 6,181,200 flow-through units for gross proceeds of $185,436, and an aggregate of 1,200,000 non flow-through units for gross proceeds of $36,000. Cash finder fees in the amount of $600 and 20,000 finder warrants were issued in connection with the third tranche, which are each exercisable for one common share of the Company at $0.06 for a period of 24 months from the date of issuance.

All securities issued pursuant to the Private Placement are subject to a four-month and one day hold period. 

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. 

Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.

Tags: Northern Ontario / Deals & Financial / Gold / All Articles