Metals Creek Resources Corp. Announces the Closing of Non-Brokered Private Placement of Flow-Through Units and the Termination of an Investor Relations Arrangement
Metals Creek Resources Corp. Announces the
Closing of Non-Brokered Private Placement of
Flow-Through Units and the Termination of an
Investor Relations Arrangement
Toronto, Ontario--(Newsfile Corp. - July 14, 2020) - Metals Creek Resources Corp. (TSXV: MEK)
("Metals Creek" or the "Company") announces that the company has closed a non-brokered private
placement of flow-through units (the "Private Placement") on 14 July 2020.
The company has raised aggregate proceeds of $210,999.96 by issuing 3,516,666 flow-through units at
6 cents per flow-through unit, with each flow-through unit consisting of one flow-through common share
and one-half of one common share purchase warrant, with each full warrant being exercisable for one
non flow-through common share of the company at a price of 10 cents per share for a period 24 months
from the date of issuance of such warrants. All securities issued pursuant to this financing will be subject
to a four-month hold period. Cash finders' fees of $14,770.00 were paid in connection with this financing
as well as the issuance of 213,333 finders' warrants, which are exercisable at 10 cents for a period of 24
months from the date of issuance.
The Company also announces today that it has terminated, effective June 26, 2020 a previous investor
relations relationship with National Inflation Association, and requested retraction of articles and
statements made by this party on
www.inflation.us
concerning the Company.
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 Goldcorp, 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). In addition, Metals Creek has recently signed an agreement with Newmont Goldcorp,
where Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the
Pickle Lake Ming District of 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.sedar.com
.
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
email:
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/59772