Metals Creek Resources Corp. announced a non-brokered private placement of flow-through units at a price of CAD 0.03 and non-flow-through units at a price of CAD 0.03 per unit on July 25, 2023. Each flow-through unit consisting of one flow-through common share and one common share purchase warrant, flow-through unit warrants are exercisable for one common share of the company at an exercise price of CAD 0.06 per warrant for a period of 24 months from the date of issuance. Each non-flow-through unit warrants are exercisable for one common share of the company at an exercise price of CAD 0.05 per warrant for a period of 24 months from the date of issuance. All securities issued pursuant to the financing are subject to a four-month-and-one-day hold period. Cash finders' fees equal to 6% of proceeds raised pursuant to the private placement were paid in connection with this transaction, as well as the issuance of 200,022 finders' warrants (being 6% of the number of units placed in the private placement), which are each exercisable for one common share of the company at CAD 0.06 for a period of 24 months from the date of issuance.

On the same date, the company issued 4,847,866 flow-through units at a price of CAD 0.03 per unit for gross proceeds of CAD 145,436, and 300,000 non flow-through units at a price of CAD 0.03 per unit for gross proceeds of CAD 9,000, for aggregate proceeds of CAD 154,436 in its first tranche closing. The transaction included participation from two insiders of the company for 520,000 shares. Closing on a further tranche is expected in early August.