Business
Xander Resources Closes Financing of $400,000 With Palisades Goldcorp
(TheNewswire) Vancouver, British Columbia - TheNewswire - October 1, ...
About this update from Core Critical Metals Corp.
[{"type":"text","content":"Xander Resources Closes Financing of $400,000 With Palisades Goldcorp\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n October 1, 2020 - Xander Resources Inc.\n(TSXV:XND) (FSE:\n \n \n 1XI\n \n \n ) (the\n\"Company\")\n \n \n announces that,\n \n \n subject to the approval of the TSX Venture\nExchange (the \"\n \n \n Exchange\n \n \n \"), it proposes to issue up to\n2,000,000 units (the \"\n \n \n Units\n \n \n \") at a price of $0.20 per Unit for\naggregate gross proceeds of $400,000 through a non-brokered private\nplacement (the \"\n \n \n Private\nPlacement\n \n \n \"). The Company has secured a\nlead order from Palisades Goldcorp Ltd. in the Private Placement.\n \n \n \n \n Each Unit will consist of one common share (a\n\"\n \n \n Share\n \n \n \") and one non-transferable common share purchase\nwarrant (a \"\n \n \n Warrant\n \n \n \") with each Warrant exercisable\nfor three (3) years from the date of closing of the Private Placement\nat an exercise price of $0.30 per Warrant.\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.\n \n \n \n \n The Company will use the gross proceeds of the Private\nPlacement for exploration of mineral properties and for general\nworking capital.\n \n \n \n \n About Palisades Goldcorp.\n \n \n \n \n Palisades Goldcorp is Canada's resource focused\nmerchant bank. Palisades' management team has demonstrated track\nrecord of making money and is backed by many of the industry's most\nnotable financiers. With junior resource equities valued at\ngenerational lows, management believes the sector is on the cusp of a\nmajor bull market move. Palisades is positioning itself with\nsignificant stakes in undervalued companies and assets with the goal\nof generating superior returns.\n \n \n \n \n ON BEHALF OF THE BOARD OF\nDIRECTORS\n \n \n \n \n James Hirst, CEO and Director\n \n Tel: (778) 709-3398\n \n Email:\n \n \n [email protected]\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 \n Pour les communications en francais de Xander ...