Xander Resources Announces Closing of Non-Brokered Private Placement

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[{"type":"text","content":"Xander Resources Announces Closing of Non-Brokered Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n January 18, 2021 - Xander Resources Inc.\n(TSXV:XND) (FSE:\n \n \n 1XI\n \n \n ) (OTC:XNDRF) (the\n“Company”)\n \n \n announces that, further to its\nnews release of December 18, 2020 and subject to the approval of the\nTSX Venture Exchange, it has closed its non-brokered private placement\n(the “\n \n \n Private\nPlacement\n \n \n ”) issuing a total of 1,527,780\nflow-through units (the “\n \n \n Units\n \n \n ”) at a price of $0.18 per Unit for\ntotal gross proceeds of $275,000.40.\n \n \n \n \n Each Unit consists of one flow-through common share and\none-half of one non-flow through common share purchase warrant (each\nwhole warrant, a “\n \n \n Warrant\n \n \n ”). Each whole Warrant entitles the\nholder to purchase one additional common share (each, a\n“\n \n \n Share\n \n \n ”) at a price of $0.26 per Share for a period of two years.\n \n \n \n \n The Company paid finder’s fees totalling $20,000 and\n111,111 finder warrants (the “\n \n \n Finder’s Warrants\n \n \n ”) to Qwest Investment\nFund Management Ltd.  The Finder’s Warrants are non-transferable\nand exercisable at $0.18 per Finder’s Warrant for a period of two\nyears.\n \n \n \n \n All securities issued in connection with the Private\nPlacement will be subject to a 4-month hold period in Canada.  The\nCompany will use the gross proceeds of the Private Placement for\nexploration of mineral properties.\n \n \n \n \n ON BEHALF OF THE BOARD OF\nDIRECTORS\n \n \n \n \n James Hirst, CEO and Director\n \n Email:\n \n \n \n [email protected]\n \n \n \n \n Website:\n \n \n \n www.xanderresources.ca\n \n \n \n \n \n Neither TSX Venture Exchange nor its Regulation\nServices Provider (as that term is defined in the policies of the TSX\nVenture Exchange) accepts responsibility for the adequacy or accuracy\nof this release.\n \n \n \n Copyright (c) 2021 TheNewswire - All rights reserved.\n \n \n","length":3663,"tagName":"div"}]

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