(TheNewswire)
TheNewswire - October 6, 2021 - Xander ResourcesInc . (TSXV:XND) (FSE:1XI) (OTC:XNDRF) (“ Xander ” or the“ Company ”) announces that it has increasedits previously announced non-brokered private placement (the“ PrivatePlacement ”) (see new releases of September 1,2021 and September 15, 2021) wherein the Company has increased thePrivate Placement to include up to 4,200,000 units (each a“ Unit ”) of the Company at a price of $0.10 per Unit for grossproceeds of up to $420,000 (the “ Proceeds ”).
Each Unit will consist of one common share (a“ Share ”) and one transferable share purchase warrant exercisableat $0.20 per Share for a period of two (2) years from the date ofclosing of the Private Placement.
Finder’s fees may be paid to qualified parties inaccordance with applicable securities laws. The Proceeds from thePrivate Placement will be used for exploration on the Company’s portfolio of properties and for general working capital.
About Xander Resources Inc.
Xander Resources Ltd. is a Canadian mineral acquisitionand exploration company based in Vancouver, BC, Canada. Xander isexploring for commercially exploitable mineral deposits and iscurrently focused on deposits located in Val-d’Or, Quebec . Ourflagship project is the Senneville Project in the Val-d’Or Mining Camp . The project comprises over 100 sq. km and is canbe divided into two sections: Senneville East, which is gold-focusedand contiguous and adjacent to significant gold projects including Probe Metals’ new discovery to the South and Monarch Mining’s project to the North, and Senneville West, which islithium-focused and in close proximity to North American Lithium’sdeposit, which has proven and probable reserves of 17.06 Mt grading0.94% Li2O, and near an area undergoing intense exploration bycompanies including Sayona Mining, Great Thunder Gold and First Energythat the Quebec government is developing into a world-class lithiumhub.
ON BEHALF OF THE BOARD OFDIRECTORS
Deepak Varshney, P.Geo., Presidentand CEO
Telephone: (236) 607-5490
For more information please visit our website: www.xanderresources.ca
Email: info@xanderresources.ca
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accept responsibility for the adequacy oraccuracy of this release.
The securitiesreferred to in this news release have not been, nor will they be,registered under the United States Securities Act of 1933, as amended,and may not be offered or sold within the United States or to, or forthe account or benefit of, U.S. persons absent U.S. registration or anapplicable exemption from the U.S. registration requirements.
This news releasedoes not constitute an offer for sale of securities for sale, nor asolicitation for offers to buy any securities. Any public offeringof securities in the United States must be made by means of aprospectus containing detailed information about the company andmanagement, as well as financial statements.
NOT FORDISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIESDESCRIBED HEREIN
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