NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN Xander Resources Announces Private Placement of up to $2,000,000
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES
NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Xander Resources Announces Private Placement of up to $2,000,000
Vancouver, British Columbia / February 9, 2022 – Xander Resourc es Inc. (“Xander” or the
“Company”) (TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) is pleased to announce that, subject to the
approval of the TSX Venture Exchange (the “ Exchange”), it has launched a non-brokered private
placement (the “Private Placement”) of up to $2,000,000 with the assistance of IBK Capital Corp. from
the sale of the following:
up to 14,285,714 units (the “Units”) at $0.07 per Unit for gross proceeds of up to $1,000,000; and
up to 10,526,315 charitable and national flow-through units (co llectively, the “ Flow-Through
Units”) at a price of $0.095 per Flow-Through Unit for gross proceeds of up to $1,000,000.
Each Unit will consist of one c ommon share of the Company (a “ Share”) and one transferable common
share purchase warrant (a “ Warrant”) exercisable at $0.10 per Share for a period of three (3) yea rs from
the date of closing (the “Expiry Date”).
Each Flow-Through Unit will cons ist of one flow-through common share of the Company and one
Warrant exercisable at a price of $0.10 per Share until the Expiry Date.
The net proceeds from the Privat e Placement will be used for ex ploration at Xander’s Timmins Nickel
Project (the “Property”) and general working capital.
The final closing of the Private Placement is expected to occur on or before Monday, February 28, 2022.
Completion of the Private Placement is subject to certain condi tions, and receipt of all necessary
regulatory approvals.
All securities issued in the Private Placement are subject to t he Exchange hold period, plus a hold period
of four months and one day following the closing date of the Pr ivate Placement. Finder’s fees may be
payable in accordance with the policies of the Exchange.
Deepak Varshney, Xander CEO, said, “We are pleased to announce this Private Placement, which will be
used to expand our exploration program at our Timmi ns Nickel Project. The financing illustrates the
significant investor interest and support for Xander in our exploration efforts and we are thrilled to have
IBK Capital as a partner moving forward as we advance the Timmins Nickel Project.”
Timmins Nickel Project
Exploration at the Timmins Nickel Project in 2022 will include:
Completing geophysical surveys a nd 3D inversion modelling to re fine existing targets identified
by historic work.
Completing a 10-hole, 2,500-metre core drilling program at its North Claim block.
Completing a 3-hole, 1,200-metre core drilling program at its South Claim block.
The Property consists of two (2) separate mineral claim blocks and is located within the Timmins mining
camp in Ontario, Canada, a highly prolific mining complex with over 100 hundred years of history and
well supported by major infrastructure including highways, rail , and relatively inexpensive hydroelectric
power.
The “North Block” consists of 236 claims located approximately 21 kilometres west of Canada Nickel
Company’s (CNC’s) Crawford Project (as shown in Figure 1 below) where CNC has completed a
preliminary economic assessment only 20 months after the commen cement of exploration drilling that
indicates 25-year mine with an after-tax NPV 8% of $1.2 billioni. It is also situated southwest of Kingsmill,
Mahaffy-Aubin, and Nesbitt North, properties acquired from Nobl e Mineral Exploration by Canada
Nickel through option agreements earlier in 2021ii.
Figure 1 ‐ Location of the “North Claim Block”
The “South Block” consists of 50 claims contiguous to Canada Ni ckel’s MacDiarmid Project (as shown
in Figure 2 below) where in May 2021, Canada Nickel announced a secondary discovery through the
identification of significant intersections of mineralized duni te similar to the average mineralization
initially discovered at Crawford. Geophysical surveys reveal th at the MacDiarmid target to be
approximately 1.8 kilometres long indicating a structural footp rint averaging 400 meters in width – 15%
larger than Canada Nickel’s original Crawford’s Main Zone discoveryiii.
Figure 2 ‐ Location of the “South Claim Block”
Qualified Person
The technical content of this ne ws release has been reviewed an d approved by Mr. Andrew Tims, P.Geo.,
a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral
Projects.
About Xander Resources Inc.
Xander Resources Inc. is a Canadian mineral acquisition and exp loration company based in Vancouver,
BC, Canada focused on developing accretive gold and battery met al 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 deposi ts and is currently focused on deposits
located in Val-d’Or, Quebec, including the Senneville Claim Group which comprises over 100 sq. km and
is contiguous in the south to Probe Metals’ new discovery, and contiguous in the north to Monarch
Mining, in close proximity to Eldorado Gold’s (formerly QMX Gol d) projects, and east of the North
American Lithium Deposit, Great Thunder Gold‘s Chubb Lithium pr operty and East of the Sayona
Quebec's Authier Lithium Deposit, all in the Val-d’Or Mining Ca mp, plus its newly acquired nickel-
sulphide project in Timmins, Ontario near Canada Nickel’s MacDiarmid and Crawford Projects.
We seek Safe Harbor
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.
Forward-looking statements:
This news release includes "forward-looking in formation" under applicable Canadian securities
legislation including, but not limited to, the anticipated closing of the Transaction and private placement.
Such forward-looking information reflects management's current beliefs and are based on a number of
estimates and assumptions made by and information currently available to the Company that, while
considered reasonable, are subject to known and unk nown risks, uncertainties, and other factors which
may cause the actual results and future events to diff er materially from those expressed or implied by
such forward-looking information. Readers are cau tioned that such forward-looking information are
neither promises nor guarantees, and are subject to known and unknown risks and uncertainties
including, but not limited to, general business, econom ic, competitive, political and social uncertainties,
uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration
activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour
issues, delays in obtaining govern mental approvals and permits, and other risks in the mining industry.
There are no assurances that the Company will successf ully complete the Transaction and the private
placement on the terms contemplated or at all. All forward-looking information contained in this news
release is qualified by these cautionary statemen ts and those in our continuous disclosure filings
available on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on
forward-looking information. The Co mpany disclaims any intention or obligation to update or revise any
forward-looking information, wheth er as a result of new information, future events or otherwise, except
as required by law.
The Company is presently an exploration stage company . Exploration is highly speculative in nature,
involves many risks, requires substantial expenditu res, and may not result in the discovery of mineral
deposits that can be mined profitably. Furthermo re, the Company currently has no reserves on any of its
properties. As a result, there can be no assurance that such forward-looking statements will prove to be
accurate, and actual results and fu ture events could differ materially from those anticipated in such
statements.
The securities referred to in this news release have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the “U.S. Securities Act”), or any applicable securities laws of any state of the United States, and
may not be offered or sold withi n the United States or to, or f or the account or benefit of, U.S. persons (as such term is
defined in Regulation S under the U.S. Securities Act) or perso ns in the United States unless registered under the U.S.
Securities Act and any other applicable securities laws of the United States or an exemption from such registration
requirements is available.
This press release does not cons titute an offer to sell or a so licitation of an offer to buy any of these securities within an y
jurisdiction, including the United States. Any public offering of securities in the United States must be made by means of
a prospectus containing detailed information about the company and management, as well as financial statements.
i Preliminary Economic Assessment, titled "Crawford Nickel-Sulphide Project National Instrument 43-101
Technical Report and Preliminary Economic Assessment", Effective Date of May 21, 2021
ii https://canadanickel.com/wp-content/uploads/2021/04/20210422-Canada-Nickel-Acquires-Option-Properties-
final.pdf
iii https://canadanickel.com/wp-content/uploads/2021/10/2021-10-26-East-Zone-High-Grade-vFinal2.pdf