Xander Resources Announces Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Xander Resources Announces Non-Brokered Private Placement
Vancouver, British Columbia / May 30, 2024 – Xander Resources Inc. (“Xander” or the “Company”)
(TSXV: XND) (FSX: 1XI) announces that, subject to the approval of the TSX Venture Exchange (the
“Exchange”), it is proceeding with a non -brokered private placement of up to 10,000,000 units of the
Company (the “Units”) at $0.05 per Unit for gross proceeds of up to $500,000 (the “Offering”).
Each Unit will consist of one common share in the capital of the Company (a “ Share”) and one common
share purchase warrant (a “ Warrant”). Each Warrant will entitle the holder to purchase one additional
Share at a price of $0.07 for a period of two years from the closing (the “ Closing Date ”) of the
Offering. The Company intends to use the proceeds for general working capital.
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 o f 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 constitu te 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.