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Xander Resources ( (TSE:XND) ) has issued an announcement.
Xander Resources Inc. has announced its intention to complete a non-brokered private placement of up to 663,600 common shares, aiming to raise gross proceeds of up to $126,084. The offering, which requires TSX Venture Exchange approval, will be conducted under the listed issuer financing exemption, allowing the issued securities to bypass a hold period under Canadian securities laws. The proceeds will be used for exploration activities and general corporate purposes. This move could strengthen Xander’s financial position to advance its exploration objectives in the competitive mineral resource sector.
More about Xander Resources
Xander Resources Inc. is a Canadian mineral acquisition and exploration company based in Vancouver, B.C., focusing on developing gold and battery metal properties within Canada, particularly in Ontario and Quebec.
YTD Price Performance: -5.56%
Average Trading Volume: 14,097
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$427.7K
For an in-depth examination of XND stock, go to TipRanks’ Stock Analysis page.
