- Metals Creek Resources Corp. (TSXV: MEK) announces a non-brokered private placement aiming to raise $400,000.
- The offering includes up to 10 million flow-through units and 10 million non flow-through units, each priced at $0.02.
- Proceeds will support exploration in Newfoundland and Ontario, notably the Ogden project, with closing expected by June 30, 2025.
Metals Creek Resources Corp. (TSXV: MEK) has unveiled a non-brokered private placement designed to accumulate total proceeds of up to $400,000. The proposed structure involves a dual-component offering that includes up to 10 million flow-through units priced at $0.02 each, alongside up to 10 million non flow-through units also priced at $0.02 per unit.
Intricately structured, each flow-through unit encompasses one share and half a warrant, while non flow-through units are composed of one share and a full warrant. Investors holding these warrants have the option to purchase an additional share at an exercise price of $0.05 per share, with terms extended over 36 months from issuance.
The capital raised from flow-through units will be directed towards exploration initiatives in Newfoundland and Ontario, with a primary focus on the Ogden project. This strategic financial maneuver is anticipated to conclude by June 30, 2025, pending approval from the TSX Venture Exchange.
Metals Creek Resources Corp. remains committed to leveraging this financial influx to enhance its exploration capabilities and uncover potential lucrative opportunities across its extensive property portfolio. As a junior exploration firm, Metals Creek continues to advance its projects, including its 50% stake in the Ogden Gold Property, in conjunction with endeavors such as the Tillex Copper Project.
