Metals Creek Resources Corp. Closes Second Tranche of Private Placement

Metals Creek Resources Corp. Closes Second Tranche of Private Placement

Metals Creek Resources Corp. (TSXV: MEK,OTC:MCREF) (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
x.com/MetalsCreekRes
Facebook.com/MetalsCreek

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293894

News Provided by TMX Newsfile via QuoteMedia

MEK:CC
The Conversation (0)
metals creek

Metals Creek Resources

Exploring and Developing Past-Producing Gold Properties in Canada

Exploring and Developing Past-Producing Gold Properties in Canada Keep Reading...
Peruvian Metals Corp. Commences Underground Development to Access High-Grade Au-Ag Sulphides at Palta Dorada

Peruvian Metals Corp. Commences Underground Development to Access High-Grade Au-Ag Sulphides at Palta Dorada

Peruvian Metals Corp (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce that the Company has commenced underground development at its 100% owned Palta Dorada Gold-Silver property (the "Property") located in the Ancash department in Northern Peru.... Keep Reading...
Jeffrey Christian, gold bars.

Jeffrey Christian: Gold's Key Drivers, Plus End-of-Year Price Forecast

Jeffrey Christian, managing partner at CPM Group, weighs in on gold's summer price activity and shares his price forecast for the end of 2026. "We wouldn't be surprised to see gold prices spike sharply higher between now and the end of the year, and we wouldn't be surprised to see US$80 or US$90... Keep Reading...
Scales of justice, gavel, and law books on a desk.

Prosecutors Seek Halt on Belo Sun's Volta Grande Gold Mine License

Brazil’s Federal Public Prosecutor’s Office (MPF) has escalated its legal battle against Belo Sun Mining (TSX:BSX,OTCQB:BSXGF), asking the country's Supreme Court to immediately suspend the installation license for the Volta Grande gold project in the Amazon.The company said in a recent update... Keep Reading...
Toronto Stock Exchange building.

Mining Firms Capture 60 Percent of 2026 TSX30 List

Mining companies claimed 18 of the 30 available spots on the recently released 2026 TSX30 list by the Toronto Stock Exchange. They acount for 60 percent of the list, including six of the top 10 positions.The 30 equities on this year’s list posted a record 785 percent average dividend-adjusted... Keep Reading...
Brien Lundin, gold bars.

Brien Lundin: Gold, Bonds Sending Warning — Here's What's Next

Brien Lundin, editor of Gold Newsletter, shares his latest thoughts on gold, saying that for the last couple of months the price has largely been rising alongside real yields in the bond market. In his view, that's a potentially concerning sign for what's ahead. Click here to sign up for the New... Keep Reading...

Interactive Chart

Latest Press Releases

Related News