Metals Creek Closes $608K First Tranche of $1M Financing
Metals Creek Resources (TSXV: MCREF) received conditional TSX Venture approval for a non-brokered private placement of flow-through and non-flow-through units to raise up to $1,000,000.
The financing contemplates up to 12,500,000 FT Units at $0.04 and 14,285,714 NFT Units at $0.035. Each FT Unit includes one FT share plus 0.5 warrant (exercise $0.06, 24 months). Each NFT Unit includes one share plus one warrant (exercise $0.06, 60 months). The Company closed a first tranche issuing 7,500,000 NFT Units and 8,625,000 FT Units for aggregate gross proceeds of $607,500.
Proceeds from FT Units will fund exploration on Newfoundland and Ontario properties, including the Ogden Gold Project. Securities are subject to a four-month hold and the financing is subject to final TSXV approval.
Metals Creek Resources (TSXV: MCREF) ha ricevuto l’approvazione condizionale da TSX Venture per una collocazione privata non intermediata di unità flow-through e non flow-through per raccogliere fino a $1,000,000.
La operazione prevede fino a 12.500.000 FT Units a $0,04 e 14.285.714 NFT Units a $0,035. Ogni FT Unit include una FT share più 0,5 warrant (esercizio $0,06, 24 mesi). Ogni NFT Unit include una share più una warrant (esercizio $0,06, 60 mesi). La Società ha chiuso una prima tranche emettendo 7.500.000 NFT Units e 8.625.000 FT Units per proventi lordi aggregati di $607,500.
I proventi provenienti dalle FT Units finanzieranno l’esplorazione su proprietà a Territorio del Newfoundland e dell’Ontario, inclusa l’Ogden Gold Project. Le securities sono soggette a un periodo di lock-up di quattro mesi e il finanziamento è soggetto all’approvazione finale del TSXV.
Metals Creek Resources (TSXV: MCREF) recibió la aprobación condicional de TSX Venture para una colocación privada no brokerada de unidades flow-through y no flow-through para recaudar hasta $1,000,000.
La operación contempla hasta 12,500,000 FT Units a $0,04 y 14,285,714 NFT Units a $0,035. Cada FT Unit incluye una acción FT más 0,5 warrant (ejercicio $0,06, 24 meses). Cada NFT Unit incluye una acción más una warrant (ejercicio $0,06, 60 meses). La Compañía cerró una primera tranche emitiendo 7,500,000 NFT Units y 8,625,000 FT Units por ingresos brutos agregados de $607,500.
Los ingresos de las FT Units financiarán exploración en propiedades de Newfoundland y Ontario, incluyendo el Ogden Gold Project. Los valores están sujetos a un periodo de retención de cuatro meses y el financiamiento está sujeto a la aprobación final de TSXV.
Metals Creek Resources (TSXV: MCREF)가 비브로커드 프라이빗 플래이스먼트(Flow-through 및 비 Flow-through 유닛)로 최대 $1,000,000를 조달하기 위한 조건부 TSX Venture 승인을 받았습니다.
재원 조달은 최대 12,500,000 FT 유닛 $0.04와 14,285,714 NFT 유닛 $0.035를 포함합니다. 각 FT 유닛은 FT 주식 1주와 0.5 워런트(행사가 $0.06, 24개월)를 포함합니다. 각 NFT 유닛은 주식 1주와 워런트 1개(행사 $0.06, 60개월)를 포함합니다. 회사는 1차 구좌를 마감하여 7,500,000 NFT 유닛과 8,625,000 FT 유닛을 총매출 $607,500로 발행했습니다.
FT 유닛의 수익은 Newfoundland 및 Ontario의 자산, 특히 Ogden Gold Project에 대한 탐사를 자금으로 사용할 예정입니다. 증권은 4개월 간의 매입 보유 기간이 있으며 자금 조달은 최종 TSXV의 승인을 필요로 합니다.
Metals Creek Resources (TSXV: MCREF) a reçu l’approbation conditionnelle de TSX Venture pour une placement privé non intermédié de parts flow-through et non-flow-through afin de lever jusqu’à $1,000,000.
Le financement prévoit jusqu’à 12 500 000 FT Units à 0,04 $ et 14 285 714 NFT Units à 0,035 $. Chaque FT Unit comprend une action FT plus 0,5 warrant (exercice à 0,06 $, 24 mois). Chaque NFT Unit comprend une action plus un warrant (exercice à 0,06 $, 60 mois). La Société a clos une première tranche en émettant 7 500 000 NFT Units et 8 625 000 FT Units pour des produits bruts globaux de $607 500.
Les produits des FT Units financeront l’exploration sur des propriétés à Terre-Neuve et en Ontario, notamment le Ogden Gold Project. Les valeurs mobilières sont soumises à une période de blocage de quatre mois et le financement est soumis à l’approbation finale du TSXV.
Metals Creek Resources (TSXV: MCREF) hat von TSX Venture eine bedingte Genehmigung für eine nicht-maklerische Privatplatzierung von Flow-Through- und Non-Flow-Through-Einheiten erhalten, um bis zu $1,000,000 zu beschaffen.
Die Finanzierung sieht bis zu 12.500.000 FT-Einheiten zu $0,04 und 14.285.714 NFT-Einheiten zu $0,035 vor. Jede FT-Einheit enthält eine FT-Aktie plus 0,5 Warrants (Ausübung $0,06, 24 Monate). Jede NFT-Einheit enthält eine Aktie plus ein Warrants (Ausübung $0,06, 60 Monate). Das Unternehmen schloss eine erste Tranche ab und emittierte 7.500.000 NFT-Einheiten und 8.625.000 FT-Einheiten für Bruttoerlöse von $607,500.
Die Erlöse aus FT-Einheiten werden die Explorationen auf Grundstücken in Newfoundland und Ontario finanzieren, einschließlich des Ogden Gold Project. Wertpapiere unterliegen einer Viermonats-Restriktion; die Finanzierung unterliegt der endgültigen Genehmigung durch TSXV.
Metals Creek Resources (TSXV: MCREF) تلقّت موافقة مشروطة من TSX Venture على توزيع خاص غير وسيط من وحدات flow-through ووحدات غير flow-through لجمع ما يصل إلى $1,000,000.
تتضمن الخطة حتى 12,500,000 وحدة FT بسعر 0,04$ و 14,285,714 وحدة NFT بسعر 0,035$. كل وحدة FT تحتوي على سهم FT واحد بالإضافة إلى 0.5 ضمان امتلاك (تمرين بسعر 0.06$، 24 شهراً). كل وحدة NFT تحتوي على سهم واحد بالإضافة إلى ضمان امتلاك واحد (تمرين بسعر 0.06$، 60 شهراً). أغلقت الشركة الترس الأول بإصدار 7,500,000 وحدة NFT و8,625,000 وحدة FT بإجمالي عوائد إجمالية قدرها $607,500.
سيُستخدم عائدات وحدات FT لتمويل الاستكشاف في ممتلكات نيو فندلاند وأونتاريو، بما في ذلك مشروع Ogden الذهبي. تخضع الأوراق المالية لفترة حجز قدرها أربعة أشهر، والتمويل مشروط بموافقة TSXV النهائية.
Positive
- First tranche raised $607,500
- Flow-through proceeds earmarked for Ogden Gold Project exploration
- FT units provide tax benefits under the Income Tax Act
- Warrants priced at $0.06 can provide upside financing on exercise
Negative
- Potential issuance of up to 26,785,714 units could dilute shareholders
- Private placement subject to final TSXV approval
- Company may pay finders’ fees in cash or securities, reducing net proceeds
Thunder Bay, Ontario–(Newsfile Corp. – November 18, 2025) – Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the “Company” or “Metals Creek”) announces that, further to its October 21, 2025 news release it has received conditional approval from the TSX Venture Exchange (the “Exchange”) for its non-brokered private placement of both non-flow through and flow-through units (the “Financing”).
The Company intends to issue up to 12,500,000 flow-through units at a price of
Further, the Company has closed a first tranche of the Financing, issuing 7,500,000 NFT Units and 8,625,000 FT Units, for aggregate gross proceeds of
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 final 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 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
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275113
FAQ
How much did Metals Creek (MCREF) raise in the first tranche of the private placement on November 19, 2025?
The company closed a first tranche for aggregate gross proceeds of $607,500.
What are the unit prices and maximum size of the MCREF private placement?
Up to 12,500,000 FT Units at $0.04 and 14,285,714 NFT Units at $0.035 for up to $1,000,000 aggregate proceeds.
What are the warrant terms in Metals Creek’s (MCREF) financing?
FT Warrants: one-half per FT Unit, exercisable at $0.06 for 24 months; NFT Warrants: one per NFT Unit, exercisable at $0.06 for 60 months.
How will MCREF use proceeds from the flow-through units?
Proceeds from FT Units will fund exploration on Newfoundland and Ontario properties, including the Ogden Gold Project, and qualify as flow-through mining expenditures.
Are the securities from Metals Creek’s private placement restricted?
Yes. All securities issued under the private placement are subject to a four-month hold period.
