Metals Creek Closes Second Tranche of Private Placement Financing

Core Viewpoint - Metals Creek Resources Corp. has successfully closed a second tranche of its Private Placement Financing, raising a total of $60,000 through the issuance of flow-through and non-flow-through units [1][2]. Group 1: Financing Details - The company issued 2,500,000 flow-through units at $0.02 each, consisting of one flow-through common share and one half of a common share purchase warrant, with full warrants exercisable at $0.05 for three years [1]. - Additionally, 500,000 non-flow-through units were issued, each consisting of one common share and one common share purchase warrant, also exercisable at $0.05 for three years [1]. - The company has requested an extension of the financing period by 30 days, until August 11, 2025 [2]. Group 2: Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration activities on the company's properties in Newfoundland and Ontario, including target generation through prospecting on the Ogden project [3]. - The company will ensure that the Canadian exploration expenses qualify as flow-through mining expenditures under the Income Tax Act (Canada) [3]. Group 3: Company Overview - Metals Creek Resources Corp. is a junior exploration company incorporated in Ontario, with its common shares listed on the TSX Venture Exchange under the symbol "MEK" [4]. - The company holds a 50% interest in the Ogden Gold Property from Newmont Corporation, which includes the former Naybob Gold mine located 6 km south of Timmins, Ontario [4]. - Metals Creek has an 8 km strike length of the prolific Porcupine-Destor Fault [4].