Metals Creek Resources arranges sale of FT, NFT units

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.