Xander Resources Closes Non-Brokered Private Placement
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 explorat ion company focused on
the development of drill-ready battery and precious metal projects, announces that, further to its new s
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 statutor y hold period of four months plus a day from the cl osing
date and the Exchange Hold Period in accordance with applicable securities legislation.
About Xander Resources Inc.
Xander is a Canadian mineral acquisition and explor ation 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 province s of Ontario and Quebec. Xander is exploring for
commercially exploitable mineral deposits and is cu rrently focused on deposits located in Val d'Or, Qu e.,
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 Offerin g 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 fro m the registration requirements of the U.S. Securit ies
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 U nited States, nor will there be any sale of these s ecurities
in any jurisdiction in which such offer, solicitation or sale would be unlawful.