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Financings

Metals Creek arranges $200,000 private placement

By The Northwire Desk — AI Analysis Dec 18, 2025 · 04:36 MEK · 0.035 Metals Creek Resources Corp.
MEK · Price

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.
Read the original news release →

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