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Xander Resources ( (TSE:XND) ) has provided an update.
Xander Resources Inc. announced a non-brokered private placement to raise up to $1,000,000 through the issuance of units, each comprising one share and one warrant, at $0.19 per unit. The proceeds will be used for general corporate purposes and exploration activities. The placement is subject to TSX Venture Exchange approval and the securities will be subject to a statutory hold period. This strategic move aims to bolster Xander’s financial resources for its ongoing projects and potentially enhance its market positioning in the mineral exploration sector.
More about Xander Resources
Xander Resources Inc. is a Canadian mineral acquisition and exploration company based in Vancouver, B.C., Canada. The company focuses on developing accretive gold and battery metal properties within Canada, particularly in the provinces of Ontario and Quebec.
YTD Price Performance: -7.41%
Average Trading Volume: 12,991
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$419.3K
See more insights into XND stock on TipRanks’ Stock Analysis page.