Metals Creek Resources Corp.TSXV: MEK

Metals Creek Resources Corp. Closes $800,000 Flow-Through Private Placement

· Issued by Metals Creek Resources Corp. via Newsfile

Summary by 6ix AI

Metals Creek Resources Corp., a junior exploration company, closed a non-brokered flow-through private placement (a share sale to selected investors, not through an underwriter) for total proceeds of $800,020, issuing 20,000,500 flow-through common shares at $0.04 each.

Key details

  • Flow-through shares give the holder the tax benefits that apply to such shares under the Income Tax Act (Canada).
  • Metals Creek paid $56,001.40 in cash finders' fees and issued 1,400,035 non-transferable broker warrants, each exercisable at $0.05 per common share for 24 months, expiring November 6, 2028.
  • All securities issued in the placement are subject to a four-month hold period, during which they cannot be resold.
  • The proceeds will be used for exploration on the company's Ontario properties, including its Ogden Gold Project, which is located 6 km south of Timmins, Ontario and in which Metals Creek has earned a 50% interest.

What’s still pending

  • The private placement is subject to approval by the TSX Venture Exchange.

6ix AI wrote this summary from the release below and checked it against the release.

Thunder Bay, Ontario--(Newsfile Corp. - November 9, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or "Metals Creek") the Company announces that, further to it November 4, 2026 news release, it has closed its non-brokered flow-through private placement financing for aggregate total proceeds of $800,020.

The Company has issued 20,000,500 $0.04 flow-through common shares (the "FT Shares"). The FT Shares 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 has paid $56,001.40 in cash finders' fees and issued 1,400,035 non-transferable broker warrants exercisable at $0.05 per common share for a period of 24 months, expiring November 6, 2028.

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 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 Corp. 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, 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, including the past producing 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).

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
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/322995

Source: Metals Creek Resources Corp.

View original source (Newsfile)Metals Creek Resources Corp. on 6ix

Story so far

Earlier from Metals Creek Resources

All Metals Creek Resources news releases