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Core Critical Metals Corp. — Capital/Financing Update 2020
Oct 21, 2020
47212_rns_2020-10-21_3378c2de-8616-40ce-aa10-675fdb775cad.pdf
Capital/Financing Update
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FORM 51-102F3 MATERIAL CHANGE REPORT
Item 1: Name and Address of Reporting Issuer
Xander Resources Inc. (the “ Company ”) Suite 804-750 West Pender Street Vancouver, BC V6C 2T7
Item 2: Date of Material Change
October 20, 2020.
Item 3: News Release
A news release was issued and disseminated on October 21, 2020 and filed on SEDAR (www.sedar.com).
Item 4: Summary of Material Changes
The Company announced that further to its news release of October 1, 2020 and subject to the final approval of the TSX Venture Exchange (the “ Exchange ”), it has closed its non-brokered private placement (the “ Private Placement ”) issuing a total of 2,000,000 units (the “ Units ”) at $0.20 per Unit for total gross proceeds of $400,000. See Item 5 for full details.
Item 5: Full Description of Material Change
The Company announced that further to its news release of October 1, 2020 and subject to the final approval of the Exchange, it has closed its Private Placement issuing a total of 2,000,000 Units at $0.20 per Unit for total gross proceeds of $400,000. The sole investor in the Private Placement was Palisades Goldcorp Ltd.
Each Unit consists of one common share (a “ Share ”) and one non-transferable common share purchase warrant (a “ Warrant ”) with each Warrant exercisable for three (3) years from the date of closing at an exercise price of $0.30 per Warrant.
All securities issued in connection with the Private Placement will be subject to a 4-month hold period in Canada. The Company will use the gross proceeds of the Private Placement for exploration of mineral properties and for general working capital. No finder’s fees were paid in connection with the Private Placement.
Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7: Omitted Information
None.
Item 8: Executive Officer
James H. Hirst, CEO Tel: 778.709.3398 Email: [email protected] Website: www.xanderresources.ca
Item 9: Date of Report
October 21, 2020.