Metals Creek Resources Corp. Closes Financing
Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) has closed its non-brokered private placement financing, raising $122,000. The company issued 4,500,000 flow-through units at $0.025 per unit and 475,000 non-flow-through units. Each flow-through unit includes one flow-through common share and one warrant exercisable at $0.06 for 24 months. Non-flow-through units consist of one common share and one warrant exercisable at $0.05 for 24 months.
An insider subscribed for 475,000 non-flow-through units ($9,500). The company paid $6,000 in finders' fees and issued 240,000 broker warrants. Proceeds from flow-through units will fund drilling on the Tillex Copper Project and Shabaqua Corners Gold Property. All securities are subject to a four-month hold period, expiring November 18, 2024.
Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) ha concluso il suo finanziamento privato non intermediato, raccogliendo 122.000 dollari. L'azienda ha emesso 4.500.000 unità flow-through a 0,025 dollari per unità e 475.000 unità non flow-through. Ogni unità flow-through include una azione comune flow-through e un warrant esercitabile a 0,06 dollari per 24 mesi. Le unità non flow-through consistono in un'azione comune e un warrant esercitabile a 0,05 dollari per 24 mesi.
Un insider ha sottoscritto 475.000 unità non flow-through (9.500 dollari). L'azienda ha pagato 6.000 dollari in commissioni per trovatori e ha emesso 240.000 warrant per broker. I proventi delle unità flow-through finanzieranno la perforazione sul Progetto di Rame Tillex e sulla Proprietà d'Oro Shabaqua Corners. Tutti i titoli sono soggetti a un periodo di blocco di quattro mesi, che scade il 18 novembre 2024.
Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) ha cerrado su financiación privada sin intermediarios, recaudando 122,000 dólares. La compañía emitió 4,500,000 unidades flow-through a 0.025 dólares por unidad y 475,000 unidades no flow-through. Cada unidad flow-through incluye una acción ordinaria flow-through y una opción de compra ejercitable a 0.06 dólares por 24 meses. Las unidades no flow-through constan de una acción ordinaria y una opción de compra ejercitable a 0.05 dólares por 24 meses.
Un interno suscribió 475,000 unidades no flow-through (9,500 dólares). La compañía pagó 6,000 dólares en comisiones a buscadores y emitió 240,000 opciones de compra para intermediarios. Los ingresos de las unidades flow-through financiarán la perforación en el Proyecto de Cobre Tillex y la Propiedad de Oro Shabaqua Corners. Todos los valores están sujetos a un período de bloqueo de cuatro meses, que vence el 18 de noviembre de 2024.
Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1)은 비중개 사모 방식으로 자금을 조달하며 $122,000를 모금했습니다. 회사는 4,500,000 개의 흐름 단위를 단위당 $0.025에 발행했고 475,000 개의 비흐름 단위를 발행했습니다. 각 흐름 단위는 하나의 흐름 보통주와 24개월 동안 $0.06에 행사할 수 있는 하나의 워런트를 포함합니다. 비흐름 단위는 하나의 보통주와 24개월 동안 $0.05에 행사할 수 있는 하나의 워런트로 구성됩니다.
한 내부자가 475,000 개의 비흐름 단위($9,500)를 청약했습니다. 회사는 중개인 수수료로 $6,000을 지불하고 240,000 개의 중개인 워런트를 발행했습니다. 흐름 단위의 수익금은 틸렉스 구리 프로젝트 및 샤바콰 코너스 금 자산의 드릴링 자금으로 사용될 것입니다. 모든 증권은 4개월의 보유 기간이 적용되며, 이 기간은 2024년 11월 18일에 만료됩니다.
Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) a clôturé son placement privé sans intermédiaire, levant 122 000 $. La société a émis 4 500 000 unités flow-through au prix de 0,025 $ par unité et 475 000 unités non flow-through. Chaque unité flow-through comprend une action ordinaire flow-through et un bon de souscription exerçable à 0,06 $ pendant 24 mois. Les unités non flow-through se composent d'une action ordinaire et d'un bon de souscription exerçable à 0,05 $ pendant 24 mois.
Un initié a souscrit à 475 000 unités non flow-through (9 500 $). La société a payé 6 000 $ en frais de recherche et a émis 240 000 bons de souscription pour courtiers. Les recettes des unités flow-through serviront à financer des forages sur le projet de cuivre Tillex et la propriété d'or de Shabaqua Corners. Tous les titres sont soumis à une période de blocage de quatre mois, qui expire le 18 novembre 2024.
Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) hat seine nietengeleitete Privatplatzierung abgeschlossen und 122.000 $ gesammelt. Das Unternehmen hat 4.500.000 Flow-Through-Einheiten zu einem Preis von 0,025 $ pro Einheit sowie 475.000 Nicht-Flow-Through-Einheiten ausgegeben. Jede Flow-Through-Einheit umfasst eine Flow-Through-Stammaktie und einen Warrant, der für 24 Monate zu einem Preis von 0,06 $ ausgeübt werden kann. Die Nicht-Flow-Through-Einheiten bestehen aus einer Stammaktie und einem Warrant, der für 24 Monate zu einem Preis von 0,05 $ ausgeübt werden kann.
Ein Insider hat 475.000 Nicht-Flow-Through-Einheiten (9.500 $) gezeichnet. Das Unternehmen zahlte 6.000 $ an Vermittlungsgebühren und gab 240.000 Broker-Warrants aus. Die Einnahmen aus Flow-Through-Einheiten werden die Bohrungen im Tillex Copper Project und der Shabaqua Corners Gold Property finanzieren. Alle Wertpapiere unterliegen einer viermonatigen Haltefrist, die am 18. November 2024 endet.
- Raised $122,000 through private placement financing
- Insider participation in the financing, showing confidence in the company
- Proceeds to be used for drilling on two key exploration projects
- Potential dilution of existing shareholders due to issuance of new shares and warrants
- Low unit price of $0.025 for flow-through units may indicate weak market perception
Thunder Bay, Ontario--(Newsfile Corp. - September 19, 2024) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) further to its July 23, 2024 news release, the Company announces that it has closed its non-brokered private placement financing (the "Financing") for aggregate gross proceeds of
The Company has issued 4,500,000 flow-through units at a price of
The Company has also issued 475,000 non-flow-through units, each NFT Unit consisting of one non-flow-through common share and one non-flow-through common share purchase warrant (the "NFT Warrants"), each NFT Warrant entitling the holder to purchase one additional common share of the Company at an exercise price of
One (1) insider in this first tranche closing, subscribed for
All securities issued pursuant to the Financing are subject to a four-month and one-day hold period, expiring November 18, 2024.
In connection with this first tranche closing, the company paid cash finders' fees of
The proceeds raised from the FT Units will be used for drilling on the companies Tillex Copper Project and the Shabaqua Corners Gold Property 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 Ontario, 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
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
fax: (709)-256-6061
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223963
FAQ
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What are the terms of the flow-through units issued by Metals Creek Resources Corp.?
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