AI assistant
Core Critical Metals Corp. — Capital/Financing Update 2021
Jan 21, 2021
47212_rns_2021-01-21_8d4c72ce-44f0-411e-a6b9-e83719b1184a.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
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
December 22, 2020.
Item 3: News Release
A news release was issued and disseminated on January 18, 2021 and filed on SEDAR (www.sedar.com).
Item 4: Summary of Material Changes
The Company announced that it has closed its non-brokered private placement (the “ Private Placement ”). See Item 5 for further details.
Item 5: Full Description of Material Change
The Company announced that, further to its news release of December 18, 2020 and subject to the approval of the TSX Venture Exchange, it has closed its non-brokered Private Placement issuing a total of 1,527,780 flow-through units (the “ Units ”) at a price of $0.18 per Unit for total gross proceeds of $275,000.40.
Each Unit consists of one flow-through common share and one-half of one non-flow through common share purchase warrant (each whole warrant, a “ Warrant ”). Each whole Warrant entitles the holder to purchase one additional common share (each, a “ Share ”) at a price of $0.26 per Share for a period of two years.
The Company paid finder’s fees totaling $20,000 and 111,111 finder warrants (the “ Finder’s Warrants ”) to Qwest Investment Fund Management Ltd. The Finder’s Warrants are non-transferable and exercisable at $0.18 per Finder’s Warrant for a period of two years.
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.
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
January 21, 2021.