Metal Energy Corp announces non-brokered private placement of 12,600,000 flow-through units of the Company at a price of CAD 0.05 per FT Unit for gross proceeds of CAD 630,000 on December 11, 2023. Each FT Unit will be comprised of one common share in the capital of the Company and one-half of one Common Share purchase warrant. Each FT Warrant is exercisable to acquire one Common Share at an exercise price of CAD 0.10 per FT Warrant Share for a period of 36 months from the closing of the Offering.

The transaction is expected to close on or around December 18, 2023 and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.