Thunder Bay, Ontario - (Newsfile Corp. - December 23, 2021) - Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce that the company has closed a non-brokered private placement of flow-through units (the "Private Placement").
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 $0.30 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 $0.45 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).