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Financings

Metals Creek arranges $1-million private placement

By The Northwire Desk — AI Analysis Oct 21, 2025 · 17:23 MEK · 0.035 Metals Creek Resources Corp.
MEK · Price

Executive Summary

  • Metals Creek Resources Corp. announced a non-brokered private placement of up to 26,785,714 total units, comprising both flow-through and non-flow-through components.
  • The company intends to raise up to $1,000,000 in aggregate gross proceeds, with $500,000 allocated to flow-through units and $500,000 to non-flow-through units.
  • Proceeds are designated for exploration activities on the company's Newfoundland and Ontario properties, specifically the Ogden gold project, ensuring qualifying Canadian exploration expenses.

Key Details

  • Flow-Through Units (FT Units):
    • Quantity: Up to 12,500,000 units.
    • Price: $0.04 per unit.
    • Gross Proceeds: Up to $500,000.
    • Composition: Each 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 the purchase of one non-flow-through common share at an exercise price of $0.06 per share for a period of 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).
  • Non-Flow-Through Units (NFT Units):
    • Quantity: Up to 14,285,714 units.
    • Price: $0.035 per unit.
    • Gross Proceeds: Up to $500,000.
    • Composition: Each unit consists of one non-flow-through common share and one non-flow-through common share purchase warrant.
    • Warrant Terms: Each NFT warrant allows the purchase of one non-flow-through common share at an exercise price of $0.06 per share for a period of 60 months from the date of issue.
  • Transaction Terms:
    • Finders' fees may be paid in cash, securities, or a combination thereof, subject to TSX Venture Exchange policies.
    • All securities issued are subject to a four-month hold period.
    • The private placement is subject to approval by the TSX Venture Exchange.
    • Expected closing date: On or before November 20, 2025.
  • Use of Proceeds:
    • Funds will be used for exploration on the company's Newfoundland and Ontario properties, including the Ogden gold project.
    • Specifically ensures that Canadian exploration expenses qualify as flow-through mining expenditures for tax purposes.
Read the original news release →

More from Metals Creek Resources Corp.

Aug 11, 2026 · 07:32

Metals Creek’s final Ogden hole confirmed deep mineralization at 54 g.m, though it lacked the bonanza grades that previously moved the stock.

Drill Results Jul 31, 2026 · 13:31

Metals Creek raises $2.45m for Ogden drilling despite dilution and going-concern risks.

Financings Jul 29, 2026 · 07:30

Metals Creek begins hydrogen-helium soil gas sampling at its Newfoundland projects.

Drill Results Jul 16, 2026 · 04:04

Metals Creek raises capital through dilutive financing to extend its cash runway amid ongoing going-concern risks.

Financings Jul 14, 2026 · 15:40

Metals Creek raised $2m via dilutive placement while reporting high-grade drill results to offset going-concern fears at its project.

Financings Jul 14, 2026 · 07:30

Metals Creek Returns High-Grade Mineralization with 115.51 g/t Gold over 9.85 meters including 2050 g/t Gold over 0.50 meters at Ogden Gold Project in Timmins, Ontario

Drill Results