By Devika Patel
Knoxville, Tenn., Aug. 25 - Metals Creek Resources Corp. said it will raise C$3 million in a private placement of units and stock.
The company said it will sell 11,765,000 flow-through shares at C$0.17 apiece for C$2 million and 6,667,000 units of one common share and one warrant at C$0.15 per unit for C$1 million.
Each warrant will be exercisable at C$0.30 for two years.
Dundee Securities Corp. is the agent. Dundee has a C$450,015 greenshoe.
Proceeds will be used for exploration and working capital.
Toronto-based Metals Creek is a mineral resource exploration company.
| Issuer: | Metals Creek Resources Corp.
|
| Issue: | Units of one common share and one warrant, flow-through shares
|
| Amount: | C$3 million
|
| Greenshoe: | C$450,015
|
| Agent: | Dundee Securities Corp.
|
| Pricing date: | Aug. 25
|
| Stock symbol: | TSX Venture: MEK
|
| Stock price: | C$0.17 at close Aug. 24
|
| Market capitalization: | C$3.65 million
|
|
|
| Units
|
| Amount: | C$1 million
|
| Units: | 6,667,000
|
| Price: | C$0.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
|
|
| Shares
|
| Amount: | C$2 million
|
| Shares: | 11,765,000
|
| Price: | C$0.17
|
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