January 3, 2017
MetalCorp Announces Closing of a Shares-for-Services Transaction
THUNDER BAY, ONTARIO, CANADA (January 3, 2017) - MetalCorp Limited (“MetalCorp”) (TSXV: MTC) is pleased to announce the closing effective as of December 30, 2016, of a shares-for-services transaction whereby MetalCorp issued 502,102 common shares (“Common Shares”) at a deemed price of $0.05 per share in consideration of services in the amount of $25,105.10 provided to MetalCorp pursuant to an agreement made between MetalCorp and a service provider. The transaction is conditional on TSX Venture Exchange final approval. All securities issued pursuant to this agreement are subject to a four-month hold period which will expire May 1, 2017.
MetalCorp is a mineral exploration company based in Thunder Bay, Ontario, with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. To find out more about MetalCorp visit its website at www.metalcorp.ca.
For further information, please contact: Donald A. Sheldon, Chief Executive Officer. Phone: (416) 777-4017, or via email: dsheldon(at)dickinsonwright(dot)com.
Except for statements of historical fact contained herein, information in this press release may constitute "forward-looking information" within the meaning of Canadian securities laws. Other than statements of historical fact, all statements that involve various known and unknown risks, uncertainties and other factors are "forward-looking statements". There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this news release are cautioned not to place undue reliance on these "forward-looking statements". Except as otherwise required by applicable securities statutes or regulation, MetalCorp expressly disclaims any intention or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise.
Neither 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, accuracy or contents of this news release.
© 2017 MetalCorp Inc.