Metallic Minerals Announces Flow-Through Private Placement Financing

VANCOUVER, BC / ACCESSWIRE / June 20, 2024 / Metallic Minerals Corp. (TSX.V:MMG) (OTCQB:MMNGF) has announced a non-brokered private placement of up to 5,000,000 flow-through common shares at a price of $0.40 per share, aiming to raise up to $2,000,000. Red Cloud Securities Inc. has been engaged on a "best efforts" basis for the Offering.

The funds are intended for Canadian Exploration Expenses at the Keno Silver project and the alluvial gold royalty portfolio in the Yukon Territory. The closing is expected around June 24, 2024, and all issued securities will be subject to a four-month hold period.

Completion of the placement is subject to TSX-V final approval. These shares will not be registered under U.S. securities laws and cannot be sold in the United States without proper registration or exemption.