Metals Creek Resources Corp. closes Flow-Through private placement

Metals Creek Resources Corp. has closed the flow-through portion of its private placement financing. The company has issued 11,173,400 flow-through units ("FT Units") for aggregate gross proceeds of $335,202. Each FT Unit consists of 1 flow-through common share and 1 common share purchase warrant ("Warrants"), each Warrant being exercisable at $0.06 for 24 months from the date of issuance. 

In accordance with Exchange policies, the Company has paid the following finder's fees:

• Accilent Capital Management - $10,500.12 and 350,000 broker warrants exercisable at $0.05 for 24 months

• Castlewood Capital Corporation - $9,000 and 300,000 broker warrants exercisable at $0.05 for 24 months

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

The Company also announces that it has received Exchange approval to extend the closing of the non-flow-through portion of the Private Placement to February 14, 2024. 

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

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 / Deals & Financial / Gold / All Articles