Metals Creek Resources Corp. Closes First Tranche of Flow-Through Private Placement Financing - Secures Drill for Next Phase of Tillex Copper Project Drilling
Metals Creek Resources Corp. (TSXV: ME) has closed the first tranche of its non-brokered private placement financing, raising $303,500 through the issuance of 8,671,430 flow-through units at $0.035 per unit. Each unit includes one flow-through common share and half a warrant, with full warrants exercisable at $0.07 for 24 months. The company paid $21,245 in finders' fees and issued 607,000 broker warrants. The proceeds will fund exploration at the Tillex Copper Project, Yellow Fox/Careless Cove/Clarks Brook, and Ogden Gold properties. The company has secured a diamond drill for upcoming work at Tillex, where recent drilling yielded significant copper results including 63.9m of 1.94% Cu, 110m of 1.69% Cu, and 92.05m of 2.12% Cu.
Metals Creek Resources Corp. (TSXV: ME) ha chiuso la prima tranche del suo finanziamento privato non intermediato, raccogliendo $303,500 attraverso l'emissione di 8.671.430 unità flusso a $0.035 per unità. Ogni unità include un'azione comune flusso e mezzo warrant, con warrant completi esercitabili a $0.07 per 24 mesi. La società ha pagato $21,245 in commissioni ai procacciatori e ha emesso 607.000 warrant per broker. I proventi finanzieranno l'esplorazione al progetto Tillex Copper, Yellow Fox/Careless Cove/Clarks Brook e alle proprietà Ogden Gold. L'azienda ha assicurato un trapano a diamante per i prossimi lavori a Tillex, dove i recenti scavi hanno prodotto risultati significativi di rame, tra cui 63,9 m di 1,94% Cu, 110 m di 1,69% Cu e 92,05 m di 2,12% Cu.
Metals Creek Resources Corp. (TSXV: ME) ha cerrado la primera tranche de su financiamiento privado no mediado, recaudando $303,500 mediante la emisión de 8,671,430 unidades de flujo a $0.035 por unidad. Cada unidad incluye una acción común de flujo y medio warrant, con warrants completos ejercitables a $0.07 durante 24 meses. La empresa pagó $21,245 en comisiones de intermediarios y emitió 607,000 warrants para brokers. Los fondos se destinarán a la exploración en el Proyecto de Cobre Tillex, Yellow Fox/Careless Cove/Clarks Brook y propiedades de Oro Ogden. La empresa ha asegurado un taladro de diamante para los próximos trabajos en Tillex, donde las perforaciones recientes han arrojado resultados significativos de cobre, incluyendo 63.9 m de 1.94% Cu, 110 m de 1.69% Cu y 92.05 m de 2.12% Cu.
메탈스 크릭 리소스 Corp. (TSXV: ME)는 비중개 민간 자금 모집의 첫 번째 트랜치를 마감하고, $303,500를 모금했습니다. 이번 자금 모집은 유닛 8,671,430개를 $0.035씩 발행하는 방식으로 진행되었습니다. 각 유닛은 하나의 흐름 주식과 반 개의 워런트를 포함하며, 전체 워런트는 24개월 동안 $0.07에 행사할 수 있습니다. 회사는 중개 수수료로 $21,245를 지불하고 607,000개의 브로커 워런트를 발행했습니다. 이번 자금은 틸렉스 구리 프로젝트, 옐로우 폭스/캐어리스 크로브/클락스 브룩 및 오그든 골드 소유지에서의 탐사를 지원하는 데 사용됩니다. 이 회사는 틸렉스에서의 예정된 작업을 위해 다이아몬드 드릴을 확보하였으며, 최근 드릴링 결과에서 63.9m의 1.94% Cu, 110m의 1.69% Cu, 92.05m의 2.12% Cu라는 의미 있는 구리 결과를 얻었습니다.
Metals Creek Resources Corp. (TSXV: ME) a clôturé la première tranche de son placement privé non négocié, levant $303,500 par l'émission de 8,671,430 unités `flow-through` à $0.035 l'unité. Chaque unité comprend une action ordinaire `flow-through` et une demi-option, les options complètes pouvant être exercées à $0.07 pendant 24 mois. La société a payé $21,245 en frais de recherche et a émis 607,000 options de courtier. Les fonds serviront à financer l'exploration du projet de cuivre Tillex, de Yellow Fox/Careless Cove/Clarks Brook et des propriétés d'or Ogden. La société a sécurisé un foret diamanté pour les travaux à venir à Tillex, où les récentes forages ont donné des résultats significatifs en cuivre, notamment 63,9 m de 1,94% Cu, 110 m de 1,69% Cu et 92,05 m de 2,12% Cu.
Metals Creek Resources Corp. (TSXV: ME) hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und $303,500 durch die Ausgabe von 8.671.430 Flow-Through-Einheiten zu je $0.035 gesammelt. Jede Einheit beinhaltet eine Flow-Through-Stammaktie und ein halbes Warrant, wobei vollständige Warrants für 24 Monate zu $0.07 ausgeübt werden können. Das Unternehmen zahlte $21,245 an Findergebühren und gab 607,000 Broker-Warrants aus. Die Einnahmen werden die Erkundung im Tillex Copper Project, Yellow Fox/Careless Cove/Clarks Brook und den Ogden Gold-Standorten finanzieren. Das Unternehmen hat einen Diamantbohrer für kommende Arbeiten in Tillex gesichert, wo kürzliche Bohrungen signifikante Kupferergebnisse lieferten, darunter 63,9 m von 1,94% Cu, 110 m von 1,69% Cu und 92,05 m von 2,12% Cu.
- Secured $303,500 in financing through flow-through units
- Recent drilling results show high copper grades: 63.9m @ 1.94% Cu, 110m @ 1.69% Cu, and 92.05m @ 2.12% Cu
- Secured diamond drill for immediate exploration continuation
- Dilution of existing shareholders through new share issuance
- Additional cash expenses of $21,245 in finders' fees
Thunder Bay, Ontario--(Newsfile Corp. - November 18, 2024) - Metals Creek Resources Corp. (TSXV: ME) (FSE: M1C1) (the "Company" or Metals Creek) further to its November 5, 2024 news release, 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 8,671,430 flow-through units at a price of
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 final approval by the TSX Venture Exchange.
The proceeds raised from the FT Units will be used for exploration on the companies Tillex Copper Project, the Yellow Fox/Careless Cove/ Clarks Brook Antimony-Gold Property and the Ogden 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.
Metals Creek is also pleased to announce that a diamond drill has been secured for an upcoming diamond drill program on the Tillex Copper Project. The 85 per cent owned Tillex Copper Project is located in Currie Township, 65 km east of Timmins, Ontario.
This program will further define Tillex mineralization within areas of limited drilling as well as in the down dip direction and peripheral areas where the deposit is poorly understood.
In September (see MEK news release dated 05 September 2024) , Metals Creek drilled:
- 63.9 Meters (m) of
1.94% Copper (Cu)and 10.22 g/t Silver (Ag) in diamond drill hole (DDH) TX 24-021. (see MEK news release dated 22 October 2024) - 110m of
1.69% Cu and 7.05 g/t Ag in DDH 24-020 (see MEK news release dated 24 October 2024) - 92.05 Meters of
2.12% Cu and 12.18 g/t Ag (see MEK news release dated 31 October 2024) in DDH 24-022 at the Tillex Copper Project.
Drilling is expected to commence within two weeks and results will be released once received and compiled.
Michael MacIsaac, P.Geo and VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release.
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/230350
FAQ
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