Xander Resources Announces Additional Non-Brokered Private Placement and Increase in Private Placement

About this update from Core Critical Metals Corp.

[{"type":"text","content":"Xander Resources Announces Additional Non-Brokered Private Placement and Increase in Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B\n \n \n C - TheNewswire\n \n \n - December 19, 2022 -\n \n \n Xander Resources Inc.\n \n \n (“Xander”\n \n \n or the\n \n \n “Company”) (TSXV:XND)\n(OTC:XNDRF) (FSX:1XI),\n \n \n a North American mineral\nacquisition and exploration company focused on the development of\ndrill-ready battery and precious metal projects, is pleased to\nannounce that, further to its news release of November 17, 2022,\nwherein the Company announced that it is proceeding with a\nnon-brokered private placement (the “\n \n \n Private Placement\n \n \n ”)\nraising up to\n \n \n $600,000 through the issuance of\nup to 17,142,857 flow-through units (the “\n \n \n FT Units\n \n \n ”) at a\nprice of $0.035 per FT Unit, it has increased the Private Placement to\nup to a total of $650,000 from the previously announced $600,000. All\nother aspects of the Private Placement remain the same as disclosed in\nthe November 17\n \n \n th\n \n \n news release.\n \n \n \n \n Furthermore, the Company is also pleased to announce it\nwill also be completing a Private Placement of up to 1,714,285 non\nflow-through units (the “\n \n \n Units\n \n \n ”) at a price of $0.035 per Unit for\naggregate gross proceeds of up to $60,000. Each Unit will consist of\none common share (a “\n \n \n Share\n \n \n ”) and one transferable common share\npurchase warrant exercisable at $0.07 per Share for a period of three\n(3) years from the closing date of the Private Placement of Units. The\nproceeds from the Private Placement will be used for general working\ncapital including payment of finders fees associated with the on-going\nfinancings.\n \n \n \n \n The FT Shares will qualify as flow-through shares for\npurposes of the\n \n \n Income Tax\nAct (Canada)\n \n \n .  The proceeds raised from the\nsale of the Private Placement of FT Shares will be used by the Company\nto fund exploration programs that qualify as “Canadian Exploration\nExpenses” and “flow-through mining expenditures”, as those terms\nare defined in the\n \n \n Income\nTax Act (Canada)\n \n \n , and, in particula...

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