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Xali Gold to Close First Tranche of Private Placement December 19, 2025
Not for dissemination in the United States or for distribution to U.S. Newswire Services VANCO...
About this update from Xali Gold Corp.
[{"type":"text","content":"Xali Gold to Close First Tranche of Private Placement December 19, 2025\nNot for dissemination in the United States or for distribution to U.S. Newswire Services VANCOUVER, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to announce that it plans to close the first tranche of the previously announced non–brokered private placement (the “Private Placement”) on December 19th, 2025, raising approximately C$1 Million. A second tranche of approximately C$0.5 Million is planned to close on or about Tuesday, December 23rd, 2025. Funds raised in the first tranche will cover the US$500,000 payment due to Pan American Silver Corp. upon closing of the acquisition of the Pico Machay Property (“Pico Machay” or the “Property”), an advanced exploration stage project in Peru with a near-term production goal, as announced in the Company’s October 24th, 2025 news release. The Private Placement is expected to generate gross proceeds of approximately C$1,500,000 through the sale of 15,000,000 units (the “Units”). Closing of both the Private Placement and the acquisition of Pico Machay is subject to TSX Venture Exchange (“TSXV”) approval. “We are very pleased with the strong participation from Peruvian investors in this financing, alongside continued support from long-term shareholders and our management team,” said Joanne Freeze, Xali Gold President and CEO. “Their involvement underscores the strength of our local expertise and relationships, and reinforces our commitment to advancing the Company’s objectives in close partnership with stakeholders in Peru.” The Private Placement will be completed at a Unit 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 19th, 2026 (or such later date as may be four months from the closing...