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Financings

Metals Creek receives TSX-V OK to close financing

By The Northwire Desk — AI Analysis Dec 19, 2025 · 20:54 MEK · 0.035 Metals Creek Resources Corp.
MEK · Price

Executive Summary

  • Metals Creek Resources Corp. has received TSX Venture Exchange approval to close its non-brokered flow-through private placement financing.
  • The company issued 5 million flow-through units at $0.04 per unit, raising aggregate gross proceeds of $200,000.
  • Proceeds are designated for exploration on the company's Newfoundland and Ontario properties, specifically the Ogden gold project, to qualify as flow-through mining expenditures.

Key Details

  • Transaction Structure: Non-brokered flow-through private placement.
  • Units Issued: 5,000,000 flow-through units.
  • Price Per Unit: $0.04 CAD.
  • Gross Proceeds: $200,000 CAD.
  • Unit Composition: Each flow-through unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant.
  • Warrant Terms: Each whole warrant entitles the holder to purchase one additional non-flow-through common share at an exercise price of $0.06 CAD. Warrants are exercisable for 24 months from the date of issue.
  • Finder's Fees: Cash fees totaling $16,000 were paid.
  • Broker Warrants: 400,000 broker warrants were issued, exercisable at $0.05 CAD for a period of five years.
  • Hold Period: All securities issued are subject to a four-month hold period.
  • Use of Proceeds: Exploration on Newfoundland and Ontario properties, including the Ogden gold project, ensuring Canadian exploration expenses qualify as flow-through mining expenditures under the Income Tax Act (Canada).

Notable Quotes

  • None provided in the text.
Read the original news release →

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