Metals Creek Resources Corp. Closes Second Tranche of Private Placement
Metals Creek Resources Corp. Closes Second
Tranche of Private Placement
Thunder Bay, Ontario--(Newsfile Corp. - April 22, 2026) -
Metals Creek Resources Corp. (TSXV:
MEK) (FSE: M1C1) (the "Company" or "Metals Creek")
the Company announces that, further to its
April 2, 2026, April 15, 2026 and April 17, 2026 news releases it has closed a second tranche of its non-
brokered private placement financing for aggregate gross proceeds of $86,650 on the issuance of
1,850,000 flow-through units ("FT Units") and 730,000 non-flow-through units ("NFT Units").
Each FT Unit consists of one flow-through common share (the "FT Shares") and one-half of a 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 36 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).
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 36 months from the date of issue.
In connection with the second tranche of the private placement, the Company paid $6,065.50 in cash
finder's fees and issued 180,600 finders' warrants exercisable at five cents per common share for a
period of 36 months from the date of issue. 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 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 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
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UNITED STATES.
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https://www.newsfilecorp.com/release/293894