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FINWIRES

Metals Creek Resources Gets Conditional TSXV OK On Financing As Raises $557,500 in First Tranche of Private Placement

-- Metals Creek Resources (MEK.V), trading near 52 week lows, said Friday said it has received conditional approval from the TSX Venture Exchange for its non-brokered private placement and has closed a first tranche, raising $557,500 through the issuance of nearly 18.4 million non-flow-through (NFT) units and 200,000 flow-through (FT) units.

The company plans to raise up to $750,000 from NFT units priced at $0.03 each and up to $500,000 from FT units priced at $0.035 each, according to the statement.

Proceeds from the FT units will be used to fund exploration work in Newfoundland and Ontario, including the Ogden Gold Project, the company added.

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