Metals Creek Resources Completes Initial Financing Tranche

Metals Creek Resources (TSE:MEK) has released an update.

Metals Creek Resources Corp. has successfully closed the first tranche of its flow-through private placement financing, raising $122,000 for exploration projects. The proceeds will fund drilling at the Tillex Copper Project and Shabaqua Corners Gold Property, with the aim of qualifying for tax benefits under the Canadian Income Tax Act. Securities issued are subject to a holding period of four months and a day, with insider participation and finder’s fees disclosed.

For further insights into TSE:MEK stock, check out TipRanks’ Stock Analysis page.