February 5, 2014 - This press release is being disseminated as required by National Instrument 62-103 - The Early Warning System and Related Take Over Bids and Insider Reporting Issues - in connection with the filing of an early warning report (the "Early Warning Report") regarding the acquisition of common shares of Golden Dory Resources Corp. (now, Sokoman Iron Corp.) ("Golden Dory") by Metals Creek Resources Corp. (TSX.V: MEK, "Metals Creek", or the "Company"). The Company, having a registered office of 329-1100 Memorial Ave., Thunder Bay, Ontario P7B 4A3, has acquired, through a private transaction, 17.5 million common shares of Golden Dory (the "Common Shares"), representing approximately 13.82% of Golden Dory's issued and outstanding Common Shares. As disclosed in the Company's January 17, 2013 press release, the Common Shares were issued to Metals Creek in consideration for the sale of a 30% interest in the Iron Horse Project to Golden Dory.
Upon acquisition of the 17.5 million Common Shares and including the 1.5 million Common Shares previously owned, the Offeror now owns 19 million Common Shares (or 1.9 million Common Shares considering Golden Dory's subsequent share consolidation), representing approximately 15% of Golden Dory's issued and outstanding Common Shares as of January 17, 2013, or 14.02% as of the date hereof.
The Company intends to file a report describing the above transaction with applicable regulators, a copy of which shall be promptly sent to anyone who requests it from the person noted below.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault (P-DF) that stretches between Timmins, Ontario and Val d'Or, Quebec. The Company is also engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario, Yukon and Newfoundland and Labrador. Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedar.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
email: [email protected]