Xander Resources Inc. (TSXV:XND) announced a non-brokered flow-through private placement of up to 1,527,780 units at a price of CAD 0.18 per unit for aggregate gross proceeds of CAD 275,000.40 on December 18, 2020. The Company has secured a lead order from Probity Mining 2020-II Short Duration Flow-Through Limited Partnership. Each unit consist of one Flow-through common share and one-half of one non-flow through common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of CAD 0.26 per share for a term of two years. The company will pay finder’s Fees of CAD 20,000 in cash and 111,111 finder warrants exercisable for 2 years at CAD 0.18 to Qwest Investment Fund Management Ltd. The transaction is subject to the approval of the TSX Venture Exchange.