XAU Resources Inc. Announces First Closing of Private Placement

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[{"type":"text","content":"XAU Resources Inc. Announces First Closing of Private PlacementToronto, Ontario--(Newsfile Corp. - December 12, 2025) - XAU Resources Inc. (TSXV: GIG) (\"XAU\") is pleased to announce that it has closed the first tranche of its private placement (the \"Financing\") announced on November 25, 2025. XAU has raised gross proceeds of $880,000 from the issuance of 3,520,000 units (the \"Units\") at a price of $0.25 per Unit in this first tranche.Each Unit consists of one common share (\"Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder to acquire one additional Share at a price of $0.40 from the date of issuance until its expiry on June 12, 2027, subject to an accelerated expiry if XAU's common shares trade above $0.80 for twenty (20) consecutive trading days. The Financing was completed in reliance on applicable prospectus exemptions. All securities issued are subject to a statutory hold period of four months and one day from the date of issuance. The Financing remains subject to final approval from the TSX Venture Exchange. In connection with the first tranche of the Financing, XAU paid aggregate cash finder's fees of $30,000 representing 4% of the proceeds raised from certain subscribers, and issued 120,000 finder's warrants (each, a \"Finder's Warrant\"). Each Finder's Warrant entitles the holder thereof to acquire one (1) common share of XAU from the date of issuance until its expiry on June 12, 2027, subject to an accelerated expiry if XAU's common shares trade above $0.80 for twenty (20) consecutive trading days. Finder's fees and Finder's Warrants were paid and issued in accordance with applicable securities laws and TSXV policies.Use of ProceedsXAU intends to use the net proceeds from the Financing to support the next phase of exploration at XAU's Noseno Gold Project, advance efforts to expand its Guyana land package, repay outstanding debt, and strengthen XAU's balance sheet as it advances strategic growth initiatives. About XAU Resources Inc.XAU is a gold exploration and development company advancing high-potential assets within Guyana's prolific Greenstone Belt. Focused on its Noseno Gold Project and other targets within the region, XAU is well-positioned to tap into Guyana's rich, underexplored mineral potential, capitalizing on the country's i...

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