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TORONTO, ONTARIO--(Marketwired - Feb. 27, 2015) - Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME) is pleased to announce that, subject to approval of the TSX Venture Exchange, it has completed an institutional private placement offering of units of the Corporation ("Units"). In connection with the current tranche, the Company issued 2,700,000 Units at a price of $0.05 per Unit, for aggregate gross proceeds of $135,000. Each Unit consists of one common share in the capital of the Corporation (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant is exercisable into one Common Share at a price of $0.05 for a period ending February 27, 2020. The Units and underlying securities will be subject to a four month hold period following closing of the Offering, expiring on June 28, 2015. |
