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Metals Creek Resources Corp. Reprices the Non Flow-Through Portion of Previously Announced Non-Brokered Private Placement
Thunder Bay, Ontario--(Newsfile Corp. - June 24, 2024) - Metals Creek Resources Corp. (TSXV: MEK...
About this update from Metals Creek Resources Corp.
[{"type":"text","content":"Metals Creek Resources Corp. Reprices the Non Flow-Through Portion of Previously Announced Non-Brokered Private PlacementThunder Bay, Ontario--(Newsfile Corp. - June 24, 2024) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the \"Company\" or Metals Creek) announces that it has repriced the non flow-through portion of its previously announced non-brokered private placement of flow-through and non flow-through units (the \"Private Placement\"). The Private placement is expected to close on or before 31 July 2024.The Company now intends to issue up to 10,000,000 non flow-through units at a price of $0.02 per unit (the \"NFT Units\") for aggregate proceeds of up to $200,000. Each NFT Unit will consist of one non flow-through common share and one non flow-through common share purchase warrant (the \"NFT Warrants\"). Each NFT Warrant will entitle the holder to purchase one additional non flow-through common share of the Company at an exercise price of $0.05 per common share for a period of 24 months from the date of issue.The Company also intends to issue up to 8,000,000 flow-through units at a price of $0.025 per unit (the \"FT Units\") for aggregate proceeds of up to $200,000. Each FT Unit will consist of one flow-through common share (the \"FT Shares\") and one non flow-through common share purchase warrant (the \"FT Warrants\"). 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 $0.06 per common share for a period of 24 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).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.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 und...