Xander Resources Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 1,000,000 on January 14, 2024. Each unit will consist of one fully paid common share and one common share purchase warrant. Each warrant shall entitle the holder to acquire an additional common share at a price of CAD 0.10 for a period of two years.

The company may pay finders' fees to qualified parties in accordance with applicable securities laws. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the exchange hold period. The closing of the offering may occur in one or more tranches and is subject to receipt of all necessary regulatory approvals.