Xander Resources Inc.(TSXV:XND) (OTC:XNDRF) has been issued exploration drill permits for the company’s Timmins Nickel Project by the Ontario Ministry of Northern Development, Mines, Natural Resources, and Forestry.
The exploration drill permit will allow the company to move forward on the following planned phase one drill programme in 2022 following the closing of the private placement:
- Completing a 10-hole, 2,500-metre core drilling programme at its North Claim block.
- Completing a 3-hole, 1,200-metre core drilling programme at its South Claim block.
The company has also revealed amendments to its non-brokered private placement:
- up to 14,285,714 units at $0.07 per Unit for gross proceeds of up to $1,000,000; and
- up to 12,500,000 national flow-through units at a price of $0.08 per Flow-Through Unit for gross proceeds of up to $1,000,000.
The net proceeds from the Private Placement will be used for exploration at Xander’s Timmins Nickel Project and general working capital.
The Company has received an extension from the Exchange and the closing of the Private Placement is expected to occur on or before Friday, April 15, 2022. The extension was obtained as it continues to work with IBK Capital Corp. to close the private placement.
For further information please visit: https://xanderresources.ca/
