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Metals Creek Resources Corp. Announces Non-Brokered Financing

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Metals Creek Resources Corp. (TSXV: MEK) has announced plans for a non-brokered private placement financing to raise up to $200,000. The company will issue up to 10,000,000 common share units at $0.02 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.05 per share for 36 months from issuance.

The financing is expected to close by May 29, 2025, subject to TSX Venture Exchange approval. Proceeds will be used for general working capital purposes. The company may pay finder's fees in cash or securities, and all issued securities will have a four-month hold period.

Metals Creek Resources Corp. (TSXV: MEK) ha annunciato l'intenzione di effettuare un finanziamento privato senza intermediari per raccogliere fino a 200.000 $. La società emetterà fino a 10.000.000 di unità azionarie ordinarie al prezzo di 0,02 $ per unità. Ogni unità comprende una azione ordinaria e una warrant, con le warrant esercitabili a 0,05 $ per azione per 36 mesi dalla data di emissione.

Il finanziamento è previsto in chiusura entro il 29 maggio 2025, soggetto all'approvazione della TSX Venture Exchange. I proventi saranno utilizzati per il capitale circolante generale. La società potrà corrispondere commissioni di intermediazione in contanti o titoli, e tutti i titoli emessi saranno soggetti a un periodo di blocco di quattro mesi.

Metals Creek Resources Corp. (TSXV: MEK) ha anunciado planes para una colocación privada sin intermediarios para recaudar hasta 200,000 $. La compañía emitirá hasta 10,000,000 unidades de acciones comunes a 0.02 $ por unidad. Cada unidad incluye una acción común y una garantía, con garantías ejercitables a 0.05 $ por acción durante 36 meses desde la emisión.

Se espera que la financiación se cierre antes del 29 de mayo de 2025, sujeto a la aprobación de la Bolsa de Valores TSX Venture. Los fondos se usarán para capital de trabajo general. La compañía podrá pagar honorarios de intermediación en efectivo o valores, y todos los valores emitidos tendrán un período de retención de cuatro meses.

Metals Creek Resources Corp. (TSXV: MEK)는 중개인 없이 진행하는 사모 펀딩을 통해 최대 20만 달러를 조달할 계획을 발표했습니다. 회사는 단위당 0.02달러에 최대 10,000,000 보통주 단위를 발행할 예정입니다. 각 단위에는 보통주 1주와 워런트 1장이 포함되며, 워런트는 발행일로부터 36개월 동안 주당 0.05달러에 행사할 수 있습니다.

이 자금 조달은 TSX 벤처 거래소의 승인에 따라 2025년 5월 29일까지 마감될 예정입니다. 수익금은 일반 운전자본으로 사용됩니다. 회사는 중개 수수료를 현금 또는 증권으로 지급할 수 있으며, 발행된 모든 증권은 4개월간의 보호예수 기간이 적용됩니다.

Metals Creek Resources Corp. (TSXV : MEK) a annoncé son intention de réaliser un placement privé sans courtier afin de lever jusqu'à 200 000 $. La société émettra jusqu'à 10 000 000 d’unités d’actions ordinaires au prix de 0,02 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription, ces derniers étant exerçables à 0,05 $ par action pendant 36 mois à compter de l’émission.

Le financement devrait se clôturer d’ici le 29 mai 2025, sous réserve de l’approbation de la TSX Venture Exchange. Les fonds seront utilisés pour le fonds de roulement général. La société pourra verser des frais d’intermédiation en espèces ou en titres, et tous les titres émis seront soumis à une période de blocage de quatre mois.

Metals Creek Resources Corp. (TSXV: MEK) hat Pläne für eine nicht vermittelte Privatplatzierung angekündigt, um bis zu 200.000 $ zu beschaffen. Das Unternehmen wird bis zu 10.000.000 Stammaktieneinheiten zu je 0,02 $ pro Einheit ausgeben. Jede Einheit umfasst eine Stammaktie und einen Warrant, wobei die Warrants für 36 Monate ab Ausgabe zu 0,05 $ pro Aktie ausgeübt werden können.

Die Finanzierung soll bis zum 29. Mai 2025 abgeschlossen sein, vorbehaltlich der Genehmigung der TSX Venture Exchange. Die Erlöse werden für allgemeine Betriebskapitalzwecke verwendet. Das Unternehmen kann Vermittlungsgebühren in bar oder Wertpapieren zahlen, und alle ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltefrist.

Positive
  • Warrant exercise price ($0.05) represents 150% premium to unit price
  • 36-month warrant term provides extended financing opportunity
Negative
  • Significant dilution with 10 million new units being issued
  • Low unit price of $0.02 indicates potential financial distress
  • Small financing amount ($200,000) may not be sufficient for long-term operations

Thunder Bay, Ontario--(Newsfile Corp. - April 21, 2025) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) announces that, subject to approval by the TSX Venture Exchange (the "Exchange"), it intends to complete a non-brokered private placement financing (the "Financing") for proceeds of up to $200,000. The Financing is expected to close on or before 29 May 2025.

The Company intends to issue up to 10,000,000 common share units at a price of $0.02 per unit (the "Units"), with each Unit consisting of one common share of the Company and one common share purchase warrant (the "Warrants"), each Warrant entitling the holder to purchase one additional common share of the Company at an exercise price of $0.05 per common share for a period of 36 months from the date of issue. Proceeds from the Financing will be used for general working capital purposes.

In connection with the Financing, the Company may pay finders' fees in cash or securities or a combination of both, as permitted by Exchange policies. All securities issued pursuant to the Financing will be subject to a four-month hold period.

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 50% interest in the Ogden Gold Property from Newmont Corporation, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). The Company also recently completed (See News Release: March 20, 2025) a diamond drilling program at the Tillex Copper Project located in Currie Township, 65 km east of Timmins, Ontario.

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/249284

FAQ

What are the terms of Metals Creek Resources (MCREF) private placement announced in April 2025?

The private placement offers 10,000,000 units at $0.02 per unit, with each unit including one common share and one warrant exercisable at $0.05 for 36 months.

How much money is Metals Creek Resources (MCREF) raising in their 2025 financing?

Metals Creek Resources aims to raise up to $200,000 through their non-brokered private placement financing.

When will Metals Creek Resources (MCREF) 2025 private placement close?

The financing is expected to close on or before May 29, 2025, subject to TSX Venture Exchange approval.

What is the exercise price and duration of the warrants in MCREF's 2025 financing?

The warrants have an exercise price of $0.05 per common share and are valid for a period of 36 months from the date of issue.
Metals Creek

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