Metals Creek Resources Corp. Closes Flow-Through Private Placement Financing
Metals Creek Resources Corp has successfully closed its non-brokered private placement financing, raising total gross proceeds of $425,750. The company issued 11,650,000 flow-through units at $0.035 per unit and 600,000 non flow-through units at $0.03 per unit.
Each flow-through unit includes one flow-through common share and half a warrant, with full warrants exercisable at $0.07 for 24 months. Non flow-through units comprise one common share and one warrant, exercisable at $0.05 for 24 months. The company paid $27,195 in finders' fees and issued 777,000 broker warrants.
Proceeds will fund drilling at the Tillex Copper Project and Shabaqua Corners Gold Property.
Metals Creek Resources Corp ha chiuso con successo il suo finanziamento privato non intermediato, raccogliendo un totale di $425,750. L'azienda ha emesso 11.650.000 unità flow-through a $0.035 per unità e 600.000 unità non flow-through a $0.03 per unità.
Ogni unità flow-through include una comune azione flow-through e metà di un warrant, con warrant completi esercitabili a $0.07 per 24 mesi. Le unità non flow-through comprendono una comune azione e un warrant, esercitabile a $0.05 per 24 mesi. L'azienda ha pagato $27,195 in commissioni di intermediazione ed emesso 777.000 warrant per i broker.
I proventi finanzieranno le perforazioni presso il Tillex Copper Project e il Shabaqua Corners Gold Property.
Metals Creek Resources Corp ha cerrado con éxito su financiamiento privado no intermediado, recaudando un total de $425,750. La empresa emitió 11,650,000 unidades flow-through a $0.035 por unidad y 600,000 unidades no flow-through a $0.03 por unidad.
Cada unidad flow-through incluye una acción común flow-through y medio warrant, con warrants completos ejercitables a $0.07 por 24 meses. Las unidades no flow-through constan de una acción común y un warrant, ejercitable a $0.05 por 24 meses. La empresa pagó $27,195 en comisiones a intermediarios y emitió 777,000 warrants para brokers.
Los ingresos se destinarán a la perforación en el Tillex Copper Project y la Shabaqua Corners Gold Property.
Metals Creek Resources Corp는 비중개 사모펀딩을 성공적으로 종료하고 총 $425,750의 총 수익금을 확보했습니다. 회사는 유닛당 $0.035에 11,650,000 플로우스루 유닛과 유닛당 $0.03에 600,000 비플로우스루 유닛을 발행했습니다.
각 플로우스루 유닛에는 하나의 플로우스루 보통주와 반 개의 워런트가 포함되어 있으며, 전체 워런트는 24개월 동안 $0.07에 행사가 가능합니다. 비플로우스루 유닛은 하나의 보통주와 하나의 워런트로 구성되며, 24개월 동안 $0.05에 행사할 수 있습니다. 회사는 중개인 수수료로 $27,195를 지급하고 777,000개의 브로커 워런트를 발행했습니다.
수익금은 Tillex Copper Project와 Shabaqua Corners Gold Property의 드릴링 자금으로 사용됩니다.
Metals Creek Resources Corp a réussi à clôturer son financement privé non intermédié, levant un total de $425,750. La société a émis 11,650,000 unités flow-through à $0.035 par unité et 600,000 unités non flow-through à $0.03 par unité.
Chaque unité flow-through comprend une action ordinaire flow-through et un demi-warrant, avec des warrants complets exerçables à $0.07 pendant 24 mois. Les unités non flow-through se composent d'une action ordinaire et d'un warrant, exerçable à $0.05 pendant 24 mois. La société a payé $27,195 en frais de courtage et a émis 777,000 warrants pour les courtiers.
Les produits financeront le forage au sein du Tillex Copper Project et de la Shabaqua Corners Gold Property.
Metals Creek Resources Corp hat erfolgreich ihre nicht vermittelte Privatplatzierung abgeschlossen und dabei insgesamt $425,750 eingenommen. Das Unternehmen gab 11.650.000 Flow-Through-Einheiten zu je $0.035 pro Einheit und 600.000 Nicht-Flow-Through-Einheiten zu je $0.03 pro Einheit aus.
Jede Flow-Through-Einheit enthält eine Flow-Through-Stammaktie und ein halbes Warrant, mit vollständigen Warrants, die für $0.07 über 24 Monate ausübbar sind. Nicht-Flow-Through-Einheiten bestehen aus einer Stammaktie und einem Warrant, der für $0.05 über 24 Monate ausübbar ist. Das Unternehmen zahlte $27,195 in Findergebühren und gab 777.000 Broker-Warrants aus.
Die Einnahmen werden die Bohrungen im Tillex Copper Project und der Shabaqua Corners Gold Property finanzieren.
- Successful fundraising of $425,750 through private placement
- Flow-through shares structure provides tax benefits to investors
- Secured funding for exploration of two mineral properties
- Dilution of existing shareholders through issuance of 12,250,000 new units
- Additional potential dilution from warrants if exercised
Thunder Bay, Ontario--(Newsfile Corp. - December 4, 2024) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) further to its November 5 and November 15, 2024 news releases, the Company announces that it has closed its non-brokered private placement financing (the "Financing") for aggregate gross proceeds of
The Company has issued 11,650,000 flow-through units (the "FT Units") at a price of
The Company has also issued 600,000 non flow-through units (the "NFT Units") at a price of
In connection with the Financing the company has paid cash finders' fees totaling
All securities issued pursuant to the Financing will be subject to a four-month and one-day hold period.
The Financing is subject to final 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/232564
FAQ
How much did Metals Creek Resources (TSXV: MEK) raise in its December 2024 private placement?
What are the terms of the flow-through units in Metals Creek's December 2024 financing?
What will Metals Creek use the proceeds from the December 2024 financing for?
