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The latest update is out from XAU Resources, Inc. ( (TSE:GIG) ).
XAU Resources Inc. has closed the final tranche of its non-brokered private placement, raising total gross proceeds of C$1.0 million through the issuance of 4,000,000 units priced at C$0.25 each, with each unit comprising one common share and one-half of a warrant exercisable at C$0.40 until June 18, 2027, subject to an accelerated expiry condition. The financing, which remains subject to final TSX Venture Exchange approval and includes finder’s fees and finder’s warrants, is intended to fund the next phase of exploration at the Noseno Gold Project, support expansion of the company’s land position in Guyana, repay debt, and bolster its balance sheet, signaling a continued push to advance its exploration strategy and strengthen its financial position in the Guyanese gold sector.
More about XAU Resources, Inc.
XAU Resources Inc. is a gold exploration and development company focused on high-potential assets in Guyana’s prolific Greenstone Belt. Centered on its Noseno Gold Project and other regional targets, the company aims to capitalize on Guyana’s underexplored mineral potential, investor-friendly policies, and improving infrastructure to build a portfolio of attractive gold exploration opportunities.
Average Trading Volume: 39,095
Technical Sentiment Signal: Buy
Current Market Cap: C$3.78M
See more data about GIG stock on TipRanks’ Stock Analysis page.