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Xali Gold Announces Non-Brokered Financing
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About this update from Xali Gold Corp.
[{"type":"text","content":"Xali Gold Announces Non-Brokered Financing\n\n\n\n\n Not for dissemination in the United States or for distribution to U.S. Newswire Services\n \n\n\n\n VANCOUVER, British Columbia, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to announce a non-brokered private placement (the “Private Placement”) to raise gross proceeds of approximately C$1,500,000. The Private Placement will support the Company’s renewed focus on acquiring, exploring and developing the Pico Machay Gold Project (“Pico Machay” or the “Project”), an advanced exploration stage project in Peru with a near-term production goal. Please refer to the Company’s\n \n October 24, 2025 news release\n \n for complete Pico Machay acquisition details.\n \n\n The Private Placement will consist of the sale of approximately 15,000,000 units (the “Units”) at a price of C$0.10 per Unit to raise gross proceeds of approximately C$1,500,000. Each Unit will consist of one common share of the Company (a “Share”) and one-half share purchase warrant (each whole being a “Warrant”). Each Warrant will be exercisable for one additional share of the Company (a “Warrant Share”) for 18 months at a price of C$0.20 per Warrant Share, subject to an Accelerated Expiry. If at any time after April 15\n \n th\n \n , 2026 (or such later date as may be four months from the closing of the Private Placement), the Company’s common shares have a closing price on the TSX Venture Exchange at or above a price of C$0.30 per share for a period of 10 consecutive trading days, the Company may give notice by news release that the expiration of the Warrants will be accelerated to 40 days from the date of providing such notice. Both the Shares and any Warrant Shares issued on exercise of the Warrants will be subject to a mandatory four month and one day hold period commencing the day of closing of the Private Placement.\n \n\n Approximately 75% of the gross proceeds of the Private Placement will be allocated to the acquisition and exploration of Pico Machay, with the balance directed towards working capital and general corporate purposes.\n \n\n Xali Gold intends to close the Private Placement on or around December 1...