Metals Creek Resources Corp. seeks approval for Non-Brokered Private Placement

Metals Creek Resources Corp. has filed documents with the TSX Venture Exchange seeking approval to close the first tranche of its non-brokered private placement of flow-through and non flow-through units.

On receipt of Exchange approval, the Company will issue 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. 

The Company may pay finder's fees in cash and broker warrants in accordance with Exchange policy.

The Company intends to close the non flow-through portion of the Financing in mid-January, 2024.

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.

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