Metals Creek Resources Corp. Approved to Close Flow-Through Private Placement Financing

Executive Summary

• Metals Creek Resources Corp. received TSX Venture Exchange approval to close its non‑brokered flow‑through private placement, raising $200,000 in gross proceeds.
• The financing consisted of 5,000,000 flow‑through units at $0.04 per unit, each including one flow‑through common share and half a warrant to purchase an additional common share at $0.06.
• Proceeds will be used for exploration on the Company’s Newfoundland and Ontario properties, including the Ogden Gold Project, and qualify as flow‑through mining expenditures under Canadian tax law.

Key Details

• Financing Size: Aggregate gross proceeds of $200,000.
• Units Issued: 5,000,000 flow‑through units at $0.04 per unit.
• Unit Composition: Each unit contains one flow‑through common share and ½ of a non‑flow‑through common share purchase warrant; each whole warrant allows purchase of one additional common share at $0.06 for 24 months from issue date.
• Finder’s Fees Paid: $16,000 in cash fees.
• Broker Warrants Issued: 400,000 warrants exercisable at $0.05 per share, with a 5‑year term.
• Hold Period: All securities issued are subject to a four‑month hold period.
• Use of Proceeds: Funds allocated to exploration activities on Newfoundland and Ontario properties, specifically the Ogden Gold Project, and to ensure expenses qualify as flow‑through mining expenditures for tax purposes.

Notable Quotes

• “The successful closing of this financing provides us with the capital needed to advance our exploration programs on key Canadian assets while delivering valuable tax benefits to our investors,” said Alexander (Sandy) Stares, President and CEO.