Metals Creek arranges $200,000 private placement

Executive Summary

• Metals Creek Resources Corp. intends to complete a non-brokered flow-through private placement financing for aggregate proceeds of up to $200,000, subject to TSX Venture Exchange approval.
• The company plans to issue up to five million flow-through units priced at $0.04 per unit.
• Each unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant.

Key Details

• Financing Structure: Non-brokered flow-through private placement.
• Units Issued: Up to 5,000,000 flow-through units.
• Price Per Unit: $0.04 CAD.
• Gross Proceeds: Up to $200,000 CAD.
• Unit Composition:
  • One flow-through common share.
  • One-half of a non-flow-through common share purchase warrant (each whole warrant entitles the holder to purchase one additional non-flow-through common share).
• Warrant Terms:
  • Exercise Price: $0.06 CAD per common share.
  • Duration: 24 months from the date of issue.
• Tax Benefits: FT shares entitle holders to tax benefits applicable to flow-through shares under the Income Tax Act (Canada).
• Hold Period: All securities issued are subject to a four-month hold period.
• Finder’s Fees: The company may pay finders' fees in cash, securities, or a combination thereof, as permitted by exchange policies.

Notable Quotes

• None provided in the text.