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AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0% AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0%
Financings

Metals Creek Resources arranges sale of FT, NFT units

By The Northwire Desk — AI Analysis Apr 02, 2026 · 17:54 MEK · 0.03 Metals Creek Resources Corp.
MEK · Price

Executive Summary

  • Metals Creek Resources Corp. announced a non-brokered private placement of up to 10 million units (comprising both flow-through and non-flow-through units) at a price of 3.5 cents per unit.
  • The transaction is expected to raise aggregate gross proceeds of up to $350,000.
  • Proceeds are designated for exploration activities on the company's Newfoundland and Ontario properties, specifically the Ogden gold project, with flow-through shares intended to qualify as "flow-through mining expenditures" under the Canadian Income Tax Act.

Key Details

  • Transaction Structure: Non-brokered private placement of units.
  • Flow-Through Units (FT):
    • Quantity: Up to 7.5 million units.
    • Price: 3.5 cents per unit.
    • Gross Proceeds: Up to $262,500.
    • Composition: Each FT unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant.
    • Warrant Terms: Each whole FT warrant allows purchase of one additional non-flow-through common share at an exercise price of six cents per share for a period of 36 months from issue.
    • Tax Benefit: Holders receive tax benefits applicable to flow-through shares per the Income Tax Act (Canada).
  • Non-Flow-Through Units (NFT):
    • Quantity: Up to 2.5 million units.
    • Price: 3.5 cents per unit.
    • Gross Proceeds: Up to $87,500.
    • Composition: Each NFT unit consists of one non-flow-through common share and one non-flow-through common share purchase warrant.
    • Warrant Terms: Each NFT warrant allows purchase of one additional non-flow-through common share at an exercise price of six cents per share for a period of 36 months from issue.
  • Use of Proceeds: Exploration on Newfoundland and Ontario properties, including the Ogden gold project; ensuring Canadian exploration expenses qualify as "flow-through mining expenditures."
  • Regulatory & Conditions:
    • Subject to approval by the TSX Venture Exchange.
    • Expected closing date: On or before April 15, 2026.
    • All securities subject to a four-month hold period.
    • Company may pay finders' fees in cash, securities, or a combination, per TSX Venture Exchange policies.
Read the original news release →

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