Metals Creek Resources Corp. Closes First Tranche of Flow-Through Private Placement Financing
Metals Creek Resources Corp. (TSXV: MEK) has closed the first tranche of 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, while non-flow-through units consist of one common share and one warrant. The company paid $6,000 in finders' fees and issued 240,000 broker warrants. Proceeds from the flow-through units will be used for drilling on the Tillex Copper Project and Shabaqua Corners Gold Property. The financing includes a $9,500 insider participation, classified as a "related party transaction" under MI 61-101.
Metals Creek Resources Corp. (TSXV: MEK) ha concluso la prima tranche del suo finanziamento privato non intermediato, raccogliendo 122.000 dollari. La società 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, mentre le unità non flow-through consistono in un'azione comune e un warrant. L'azienda ha pagato 6.000 dollari in commissioni ai cercatori e ha emesso 240.000 warrant per i broker. I proventi delle unità flow-through saranno utilizzati per perforazioni sul Tillex Copper Project e sulla proprietà aurifera Shabaqua Corners. Il finanziamento include una partecipazione interna di 9.500 dollari, classificata come
Metals Creek Resources Corp. (TSXV: MEK) ha cerrado la primera tranche de su financiamiento privado no intermediado, recaudando 122,000 dólares. La empresa emitió 4,500,000 unidades flow-through a $0.025 por unidad y 475,000 unidades no flow-through. Cada unidad flow-through incluye una acción común flow-through y un warrant, mientras que las unidades no flow-through consisten en una acción común y un warrant. La compañía pagó 6,000 dólares en comisiones a buscadores y emitió 240,000 warrants para corredores. Los ingresos de las unidades flow-through se utilizarán para perforaciones en el Tillex Copper Project y la propiedad de oro Shabaqua Corners. El financiamiento incluye una participación interna de 9,500 dólares, clasificada como una
메탈스 크릭 리소스 회사 (TSXV: MEK)는 비중개 사모 자금 조달의 첫 번째 분할을 마감하여 122,000 달러를 모았습니다. 이 회사는 4,500,000 개의 흐름을 통한 단위를 개당 0.025 달러에 발행하였고, 475,000 개의 비흐름 단위를 발행했습니다. 각 흐름을 통한 단위에는 하나의 흐름을 통한 보통주와 하나의 워런트가 포함되며, 비흐름 단위는 하나의 보통주와 하나의 워런트로 구성됩니다. 이 회사는 6,000 달러의 중개 수수료를 지급하고 240,000 개의 중개인 워런트를 발행했습니다. 흐름을 통한 단위의 수익금은 틸렉스 구리 프로젝트와 샤바쿠아 코너스 금속 속성에 대한 시추에 사용될 것입니다. 이 자금 조달에는 9,500 달러의 내부 참여가 포함되어 있으며, 이는 MI 61-101에 따라 '관련자 거래'로 분류됩니다.
Metals Creek Resources Corp. (TSXV: MEK) a clôturé la première tranche de son placement privé non intermédiaire, levant 122 000 dollars. La société a émis 4 500 000 unités flow-through à 0,025 dollar par unité et 475 000 unités non flow-through. Chaque unité flow-through comprend une action ordinaire flow-through et un warrant, tandis que les unités non flow-through se composent d'une action ordinaire et d'un warrant. La société a payé 6 000 dollars en frais de recherche et a émis 240 000 warrants de courtier. Les produits des unités flow-through seront utilisés pour le forage sur le Tillex Copper Project et le terrain aurifère de Shabaqua Corners. Le financement comprend une participation interne de 9 500 dollars, classée comme une
Metals Creek Resources Corp. (TSXV: MEK) hat die erste Tranche ihrer nicht vermittelte Privatplatzierung abgeschlossen und 122.000 Dollar gesammelt. Das Unternehmen hat 4.500.000 Flow-Through-Einheiten zu je 0,025 Dollar pro Einheit und 475.000 Non-Flow-Through-Einheiten ausgegeben. Jede Flow-Through-Einheit umfasst eine Flow-Through-Stammaktie und einen Warrant, während Non-Flow-Through-Einheiten aus einer Stammaktie und einem Warrant bestehen. Das Unternehmen zahlte 6.000 Dollar an Findergebühren und gab 240.000 Broker-Warrants aus. Die Erlöse aus den Flow-Through-Einheiten werden für Bohrungen im Tillex Copper Project und auf dem Goldgrundstück Shabaqua Corners verwendet. Die Finanzierung umfasst eine 9.500 Dollar Insider-Beteiligung, die gemäß MI 61-101 als 'Transaktion mit nahestehenden Personen' eingestuft ist.
- Raised $122,000 in the first tranche of private placement financing
- Proceeds to be used for drilling on Tillex Copper Project and Shabaqua Corners Gold Property
- Flow-through shares offer tax benefits to investors
- Insider participation of $9,500 may raise concerns about conflict of interest
- Issuance of new shares and warrants may lead to potential dilution for existing shareholders
Thunder Bay Ontario--(Newsfile Corp. - July 23, 2024) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) further to its June 17, 2024 and July 10, 2024 news releases, the Company announces that it has received Conditional Approval from the TSX Venture Exchange for its non-brokered private placement financing (the "Financing") and has closed the first tranche of the Financing for aggregate gross proceeds in this first tranche 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
There is one (1) insider in this first tranche closing, subscribing for
All securities issued pursuant to the Financing will be subject to a four-month and one-day hold period.
In connection with this first tranche closing, the company has paid cash finders' fees of
The Financing is subject to approval by the TSX Venture Exchange.
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/217498
FAQ
How much did Metals Creek Resources Corp. (MCREF) raise in the first tranche of its private placement?
What are the terms of the flow-through units issued by Metals Creek Resources Corp. (MCREF)?
How will Metals Creek Resources Corp. (MCREF) use the proceeds from the flow-through units?
Was there any insider participation in Metals Creek Resources Corp.'s (MCREF) private placement?
