Company aims to use the deal’s proceeds for general corporate purposes
By Devika Patel
Knoxville, Tenn., Aug. 16 – Metals Creek Resources Corp. announced it has arranged a C$1.2 million non-brokered private placement of units.
The company will sell 12 million units of one common share and one warrant at C$0.10 per unit.
Each warrant will be exercisable at C$0.16 for three years. The strike price is a 33.33% premium to the Aug. 15 closing share price of C$0.12.
Proceeds will be used for general corporate purposes.
Toronto-based Metals Creek is a mineral resource exploration company.
| Issuer: | Metals Creek Resources Corp.
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| Issue: | Units of one common share and a warrant
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| Amount: | C$1.2 million
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| Units: | 12 million
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| Price: | C$0.10
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| Warrants: | One warrant per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | C$0.16
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| Agent: | Non-brokered
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| Pricing date: | Aug. 16
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| Stock symbol: | TSX Venture: MEK
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| Stock price: | C$0.12 at close Aug. 15
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| Market capitalization: | C$3.44 million
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