Financings

Metals Creek Resources Corp. Files with the TSXV, Closes First Tranche of Private Placement

By The Northwire Desk — AI Analysis Nov 18, 2025 · 21:06 MEK · 0.03 Metals Creek Resources Corp.

MEK · Price

Metals Creek Resources received conditional TSX Venture Exchange approval for a non‑brokered private placement of up to 12.5 M flow‑through units and 14.29 M non‑flow‑through units, targeting aggregate proceeds of $1 M.
The first tranche closed, issuing 7.5 M NFT Units and 8.625 M FT Units for gross proceeds of $607,500.
Proceeds from the flow‑through units will fund exploration on Newfoundland and Ontario properties, including the Ogden Gold Project, and qualify as flow‑through mining expenditures under Canadian tax law.

Financing Structure:
Up to 12,500,000 FT Units at $0.04/unit. Each FT Unit = 1 flow‑through common share + ½ non‑flow‑through warrant (full warrant allows purchase of one additional non‑flow‑through share at $0.06, exercisable for 24 months).
Up to 14,285,714 NFT Units at $0.035/unit. Each NFT Unit = 1 non‑flow‑through common share + 1 non‑flow‑through warrant (exercise price $0.06, exercisable for 60 months).
Aggregate Target Proceeds: $1,000,000.
First Tranche Results:
Issued 7,500,000 NFT Units and 8,625,000 FT Units.
Gross proceeds of $607,500.
Use of Proceeds: Exploration on Newfoundland and Ontario assets, specifically the Ogden Gold Project; ensures Canadian Exploration Expenses qualify as flow‑through mining expenditures.
Finder’s Fees: May be paid in cash or securities, per TSX Venture Exchange policies.
Holding Period: All securities issued are subject to a four‑month hold period.
Regulatory Condition: Private placement remains subject to final TSX Venture Exchange approval.

(No direct quotes included in the release.)

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