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Metals Creek Resources Corp (2)
Symbol MEK
Shares Issued 215,916,866
Close 2026-04-02 C$ 0.03
Market Cap C$ 6,477,506
Recent Sedar+ Documents

Metals Creek Resources arranges sale of FT, NFT units

2026-04-02 17:54 ET - News Release

Mr. Alexander Stares reports

METALS CREEK RESOURCES CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Metals Creek Resources Corp. intends to complete a non-brokered private placement of both non-flow through and flow-through units. The private placement is expected to close on or before April 15, 2026.

The company intends to issue up to 7.5 million flow-through units at a price of 3.5 cents per unit for aggregate proceeds of up to $262,500. Each FT unit will consist of one flow-through common share and one-half of a non-flow-through common share purchase warrant. 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 six cents 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 2.5 million non-flow-through units at a price of 3.5 cents per unit 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. Each NFT warrant will entitle the holder to purchase one additional non-flow through common share of the company at an exercise price of six cents 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 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. Metals Creek has earned a 50-per-cent interest in the Ogden gold property, including the past-producing Naybob gold mine located six kilometres south of Timmins, Ont.

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