Metals Creek Files for Final Approval, Closes Second Tranche of Private Placement Financing

Executive Summary

• Metals Creek Resources Corp. closed the second and final tranche of its previously announced private placement, issuing a total of 1,400,000 flow‑through units (FT Units) and raising aggregate gross proceeds of $663,500.
• The financing also included issuance of 7,500,000 non‑flow‑through (NFT) units and 1,137,500 non‑transferable broker warrants; cash finder’s fees of $43,050 were paid.
• Proceeds from the FT Units will be used to fund exploration on Metals Creek’s Newfoundland and Ontario properties, including target generation at the Ogden Gold Project.

Key Details

• Units Issued – Flow‑Through (FT): 1,400,000 units in this tranche; each unit = 1 flow‑through common share + ½ of a common share purchase warrant (full warrant exercisable at $0.06 for 2 years).
• Total FT Units Across Both Tranches: 10,025,000 FT Units.
• Units Issued – Non‑Flow‑Through (NFT): 7,500,000 NFT units; each unit = 1 common share + 1 common share purchase warrant (exercisable at $0.06 for 5 years).
• Aggregate Gross Proceeds: $663,500 from the combined FT and NFT issuances.
• Cash Finder’s Fees Paid: $43,050.
• Broker Warrants Issued: 1,137,500 non‑transferable warrants, issued per TSX Venture Exchange policies.
• Hold Period: All securities subject to a four‑month hold period.
• Regulatory Condition: Private placement pending final approval by the TSX Venture Exchange.
• Use of Proceeds (FT Units): Exploration on Newfoundland and Ontario properties; target generation through prospecting at the Ogden Gold Project; ensure Canadian exploration expenses qualify as flow‑through mining expenditures under the Income Tax Act (Canada).

Notable Quotes

• “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…” – Alexander (Sandy) Stares, President and CEO.