Metals Creek Announces Private Placement to Fund Exploration Across Canadian Projects
Metals Creek Resources Corp. has announced a non-brokered private placement targeting up to $350,000 in total proceeds, structured across both flow-through and non-flow-through units.
The financing includes:
- Up to 7.5 million flow-through units at $0.035 (up to $262,500)
- Up to 2.5 million non-flow-through units at $0.035 (up to $87,500)
Each unit includes a common share and associated warrants exercisable at $0.06 over 36 months.
Flow-through proceeds will be directed toward Canadian exploration expenditures, including work on Metals Creek’s Newfoundland and Ontario properties, notably the Ogden Gold Project near Timmins.
The placement is expected to close on or before April 15, 2026, subject to TSXV approval.
Full press release is attached below:
Thunder Bay, Ontario--(Newsfile Corp. - April 2, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or "Metals Creek") announces that it intends to complete a non-brokered private placement of both non-flow through and flow-through units (the "Private Placement"). The Private Placement is expected to close on or before April 15, 2026.
The Company intends to issue up to 7,500,000 flow-through units at a price of $0.035 per unit (the "FT Units") for aggregate proceeds of up to $262,500. Each FT Unit will consist of one flow-through common share (the "FT Shares") and one-half of a non-flow through common share purchase warrant (the "FT Warrants"). Each whole FT Warrant will entitle the holder to purchase one additional non-flow through common share of the Company at an exercise price of $0.06 per common share for a period of 36 months from the date of issue. The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
The Company also intends to issue up to 2,500,000 non-flow through units at a price of $0.035 per unit (the "NFT Units") for aggregate proceeds of up to $87,500. Each NFT Unit will consist of one non-flow through common share and one non-flow through common share purchase warrant (the "NFT Warrants"). Each NFT Warrant will entitle the holder to purchase one additional non-flow through common share of the Company at an exercise price of $0.06 per common share for a period of 36 months from the date of issue.
In connection with the private placement, the Company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement is subject to approval by the TSX Venture Exchange.
The proceeds raised from the FT Units will be used for exploration on the Company's Newfoundland and Ontario properties including its Ogden Gold Project and will ensure that such Canadian Exploration Expenses qualify as a "flow-through mining expenditure" for purposes of the Income Tax Act (Canada), related to the exploration of the Company's exploration projects.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of British Columbia, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK".
Metals Creek has earned a 50% interest in the Ogden Gold Property, including the past producing Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).
Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.
Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
