Xander Resources Closes $1,304,575 of Non-Brokered Private Placements

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[{"type":"text","content":"Xander Resources Closes $1,304,575 of Non-Brokered Private Placements\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, British Columbia /\nDecember 22, 2022 – Xander Resources Inc. (“Xander”\n \n \n or the\n \n \n “Company”)\n(TSXV:XND) (OTC:XNDRF) (FSX:1XI),\n \n \n a North\nAmerican mineral acquisition and exploration company focused on the\ndevelopment of drill-ready battery and precious metal projects, is\npleased to announce that, further to its news releases of November 17,\n2022 and December 19, 2022, and subject to the final approval of the\nTSX Venture Exchange (the “\n \n \n Exchange\n \n \n ”), it has raised aggregate gross\nproceeds of $1,304,575.03 through the issuance of the following\nnon-brokered private placements (the “\n \n \n Private Placement\n \n \n s”):\n \n \n \n \n \n \n 17,602,143 flow-through units (each a\n \n \n FT Unit\n \n \n ”) at a\nprice of $0.035 per FT Unit for aggregate gross proceeds of\n$616,075.0;\n \n \n \n \n \n \n 11,427,273 Quebec flow-through shares (each a\n \n \n QFT Share\n \n \n ”) at a price of $0.055 per QFT Share for aggregate gross\nproceeds of $628,500.02; and\n \n \n \n \n \n \n 1,714,286 hard dollar units (each a\n \n \n Unit\n \n \n ”) at a price\nof $0.035 per Unit for gross proceeds of $60,000.\n \n \n \n \n \n \n Each FT Unit consists of one flow-through common share\n(a “\n \n \n FT Share\n \n \n ”) and one transferable common share purchase warrant (each\na “\n \n \n Warrant\n \n \n ”) exercisable into common shares (each a “\n \n \n Share\n \n \n ”) of the\nCompany at a price of $0.07 per Share for two years from the date of\nclosing.\n \n \n \n \n Each Unit consists of one Share and one Warrant\nexercisable into Shares at $0.07 per Share for a period of three years\nfrom the date of closing.\n \n \n \n \n The net proceeds from the Private Placement of QFT\nShares and FT Units will be used for exploration at the Company’s\nQuebec and Ontario properties, respectively, while the net proceeds\nfrom the Private Placement of Units will be used for general working\ncapital, including payment of finders’ fees associated with the\nfinancings. The FT Shares and the QFT Shares will qualify as\n...

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