Flow - Through Private Placement Financing
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Metals Creek Resources Corp. Approved to Close Flow-Through Private Placement Financing
TMX Newsfile· 2025-12-20 00:16
Core Points - Metals Creek Resources Corp. has received approval from the TSX Venture Exchange to close a non-brokered flow-through private placement financing for total gross proceeds of $200,000 [1] - The company issued 5,000,000 flow-through units at a price of $0.04 per unit, with each unit consisting of one flow-through common share and one-half of a non-flow-through common share purchase warrant [2] - The proceeds from the financing will be allocated for exploration on the company's properties in Newfoundland and Ontario, including the Ogden Gold Project [4] Financing Details - The financing involved the issuance of 5,000,000 flow-through units at $0.04 each, with a total gross amount of $200,000 [1][2] - The company paid cash finders' fees of $16,000 and issued 400,000 broker warrants, which are exercisable at $0.05 for a period of 5 years [3] - All securities issued will be subject to a four-month hold period [3] Company Overview - Metals Creek Resources Corp. is a junior exploration company incorporated in British Columbia and is a reporting issuer in Alberta, British Columbia, and Ontario [5] - The company holds a 50% interest in the Ogden Gold Property, which includes the former Naybob Gold mine, located 6 km south of Timmins, Ontario [5] - The company has multiple quality projects available for option, which can be viewed on its website [6]