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| Home : Xmet Closes $500,000 First Tranche Private Placement to Proceed With Development of Its Blackflake Project Near Zenyatta |
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Dec 23
2013 |
Xmet Closes $500,000 First Tranche Private Placement to Proceed With Development of Its Blackflake Project Near Zenyatta |
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TORONTO, ONTARIO--(Marketwired - Dec. 23, 2013) - Xmet Inc. (TSX VENTURE:XME)(OTCQX:XMTTF) ("Xmet") is pleased to announce that, subject to the acceptance of the TSX Venture Exchange (the "Exchange"), it has closed a non-brokered institutional private placement offering of 4,000,000 common shares in the capital of Xmet issued on a flow through basis (each, a FT Share) at a price of $0.125 per FT Share for aggregate gross proceeds of $500,000 (the "First Closing"). Xmet will leave the offering open until year end and may accept further subscriptions from other qualified investors. For further information on the offering please contact Stephen Stewart at the coordinates set out below. |
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| Source:http://www.marketwired.com/mw/release.do?id=1865046&sourceType=3 |
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