Metals Creek Closes Second Tranche Of Private Placement Financing
Metals Creek Resources (TSXV: MEK) has closed the second tranche of its private placement financing, issuing 500,000 flow-through units. Upon final approval, the company will have issued a total of 6,000,000 flow-through units at $0.02 and 500,000 non-flow-through units, raising aggregate gross proceeds of $130,000.
Each flow-through unit includes one flow-through common share and half a warrant, while non-flow-through units consist of one common share and one warrant. All warrants are exercisable at $0.05 for 3 years. The company paid $4,200 in finder's fees and issued 210,000 broker warrants. Proceeds will fund exploration activities in Newfoundland and Ontario, including the Ogden project.
Metals Creek Resources (TSXV: MEK) ha chiuso la seconda tranche del suo finanziamento in private placement, emettendo 500.000 unit脿 flow-through. Una volta ottenuta l'approvazione finale, la societ脿 avr脿 emesso in totale 6.000.000 di unit脿 flow-through a $0.02 e 500.000 unit脿 non-flow-through, raccogliendo proventi lordi complessivi di $130,000.
Ogni unit脿 flow-through comprende una azione ordinaria flow-through e mezzo warrant, mentre le unit脿 non-flow-through sono composte da un'azione ordinaria e un warrant. Tutti i warrant sono esercitabili a $0.05 per 3 anni. La societ脿 ha pagato $4,200 in commissioni di collocamento e ha emesso 210.000 broker warrant. I proventi finanzieranno attivit脿 di esplorazione a Terranova e Ontario, incluso il progetto Ogden.
Metals Creek Resources (TSXV: MEK) ha cerrado la segunda tranche de su colocaci贸n privada, emitiendo 500.000 unidades flow-through. Tras la aprobaci贸n final, la compa帽铆a habr谩 emitido en total 6.000.000 de unidades flow-through a $0.02 y 500.000 unidades no flow-through, recaudando unos $130,000 brutos agregados.
Cada unidad flow-through incluye una acci贸n ordinaria flow-through y medio warrant, mientras que las unidades no flow-through constan de una acci贸n ordinaria y un warrant. Todos los warrants son ejercitables a $0.05 durante 3 a帽os. La compa帽铆a pag贸 $4,200 en comisiones de colocaci贸n y emiti贸 210.000 warrants de corredor. Los fondos financiar谩n actividades de exploraci贸n en Terranova y Ontario, incluido el proyecto Ogden.
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Metals Creek Resources (TSXV: MEK) a clos la deuxi猫me tranche de son placement priv茅 en 茅mettant 500 000 unit茅s flow-through. Sous r茅serve de l'approbation finale, la soci茅t茅 aura 茅mis au total 6 000 000 d'unit茅s flow-through 脿 0,02 $ et 500 000 unit茅s non flow-through, levant 130 000 $ de produit brut agr茅g茅.
Chaque unit茅 flow-through comprend une action ordinaire flow-through et un demi-warrant, tandis que les unit茅s non flow-through comprennent une action ordinaire et un warrant. Tous les warrants sont exerc抬ables 脿 0,05 $ pendant 3 ans. La soci茅t茅 a pay茅 4 200 $ de frais d'interm茅diaire et a 茅mis 210 000 warrants de courtier. Les produits financeront des activit茅s d'exploration 脿 Terre-Neuve et en Ontario, y compris le projet Ogden.
Metals Creek Resources (TSXV: MEK) hat die zweite Tranche ihrer Privatplatzierung abgeschlossen und 500.000 Flow-Through-Einheiten ausgegeben. Nach endg眉ltiger Genehmigung wird das Unternehmen insgesamt 6.000.000 Flow-Through-Einheiten zu $0.02 und 500.000 Non-Flow-Through-Einheiten ausgegeben haben und Bruttoperl枚se von $130,000 erzielen.
Jede Flow-Through-Einheit enth盲lt eine Flow-Through-Stammaktie und ein halbes Warrant, w盲hrend Non-Flow-Through-Einheiten aus einer Stammaktie und einem Warrant bestehen. Alle Warrants sind zu $0.05 眉ber 3 Jahre aus眉bbar. Das Unternehmen zahlte Vermittlungsgeb眉hren in H枚he von $4,200 und gab 210.000 Broker-Warrants aus. Die Mittel werden Explorationsarbeiten in Neufundland und Ontario, einschlie脽lich des Ogden-Projekts, finanzieren.
- Raised $130,000 in gross proceeds for exploration activities
- Strategic focus on exploration in Newfoundland and Ontario properties
- Flow-through structure provides tax benefits for investors
- Significant dilution with issuance of 6.5 million new units
- Low unit price of $0.02 indicates potential financial pressure
- Additional dilution possible through 3-year warrants at $0.05
Thunder Bay, Ontario--(Newsfile Corp. - August 11, 2025) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce that, further to its May 27, 2025, June 24, 2025, and July 14, 2025 news releases, it has filed documents seeking final approval to close its private placement financing (the "Financing"), including closing a third (3rd) tranche consisting of 500,000 flow-through units ("FT Units").
On receipt of final approval, the Company will have issued a total 6,000,000
In connection with the private placement, the company has paid cash finders' fees totaling
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 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
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.
Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp.
709-424-1141
To view the source version of this press release, please visit
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