Xander Resources Closes Non-Brokered Private Placement
Vancouver, British Columbia / June 10, 2024 – Xander Resources Inc. (“Xander” or the “Company”) (TSXV: XND) (FSX: 1XI), a North American mineral acquisition and exploration company focused on the development of drill-ready battery and precious metal projects, announces that, further to its news releases of January 15, 2024 and May 30, 2024, and subject to the final approval of the TSX Venture Exchange (the “Exchange”), it has raised aggregate gross proceeds of $175,000 through the issuance of 3,500,000 units at a price of $0.05 per unit (the “Offering”).
Each unit consists of one common share and one common share purchase warrant exercisable into common shares at $0.07 per share for a period of two years from the closing date.
The net proceeds from the Offering will be used for exploration at the Company’s Quebec and Ontario properties, respectively, and for general working capital. No finder’s fees were paid.
All securities issued will be subject to a statutory hold period of four months plus a day from the closing date and the Exchange Hold Period in accordance with applicable securities legislation.
About Xander Resources Inc.
Xander is a Canadian mineral acquisition and exploration company based in Vancouver, B.C., Canada, focused on developing accretive gold and battery metal properties within Canada. The company currently has a focus on projects located within the provinces of Ontario and Quebec. Xander is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Val d'Or, Que., including the Senneville claim group, which comprises over 100 square kilometres and is contiguous in the south to Probe Metals' new discovery and contiguous in the north to Monarch Mining, in close proximity to the Crawford project.
ON BEHALF OF THE BOARD OF DIRECTORS
Deepak Varshney, P.Geo., President and CEO
For more information, please email [email protected], or visit www.xanderresources.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities to be issued pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release will not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.