Benton Resources (BEX-V) Closes Non-brokered PP Of Exploration Funds
Dec 23, '21 - NR
Metals Creek Resources Corp. has closed a non-brokered private placement of flow-through units.
The company has raised aggregate proceeds of $1,009,140 by issuing 4,587,000 flow-through units at 22 cents per unit, with each flow-through unit consisting of one flow-through common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one non-flow-through share of at an exercise price of 30 cents for 36 months from the date of issuance. Issuer will have the option to accelerate warrant expiration, 30 days from notice date, if common shares trade at or above 45 cents for 60 consecutive trading days. All securities issued pursuant to the financing are subject to a four-month-and-one-day hold period. No cash finders' fees or finders' warrants were paid in connection with this financing. The flow-through shares entitle holders to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
Alexander (Sandy) Stares, states, "We are delighted to have Cordillera Minerals 2021 Flow-Through Limited Partnership participate in this financing. Proceeds from this financing will be used to further advance the companies two flagship properties, the Ogden gold project and the Dona Lake gold project."
About Metals Creek Resources Corp.
Metals Creek Resources 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-per-cent interest in the Ogden gold property from Newmont Corp., including the former Naybob gold mine, located six kilometres south of Timmins, Ont., and has an eight km strike length of the prolific Porcupine-Destor fault (P-DF). In addition, Metals Creek has signed an agreement with Newmont, where Metals Creek can earn a 100-per-cent interest in the past-producing Dona Lake gold project in the Pickle Lake mining district of Ontario.
Metals Creek also has multiple quality projects available for option in Ontario and Newfoundland which can be viewed on the company's website. Parties interested in seeking more information about properties available for option can contact the company.
For further information, please contact:
Stephen Stares, President & CEO
Phone: 807-475-7474
Email: sstares@bentonresources.ca
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x251
Email: cathy@chfir.com |
