XAU Resources Inc. announced a private placement for gross proceeds of not less than CAD 1,000,000 on August 17, 2021. The transaction, when completed, may be considered to be its qualifying transaction for the purposes of the TSX Venture Exchange Inc. The company has requested its common shares to be halted by the exchange pending review of the materials for the transaction. Trading in the shares of the company are expected to remain halted until the closing or termination of the transaction. The completion of the transaction is subject to a number of conditions.