XAU Resources Inc. Closes Final Tranche of Private Placement for Aggregate Gross Proceeds of C$1.0 Million

Executive Summary

• XAU Resources Inc. closed the final tranche of its private placement, issuing a total of 4,000,000 units for C$1,000,000 gross proceeds.
• The final tranche comprised 480,000 units at C$0.25 per unit, bringing cumulative financing to C$1 million.
• Net proceeds will fund the next phase of exploration at the Noseno Gold Project, expansion of the Guyana land package, debt repayment, and balance‑sheet strengthening.

Key Details

• Units Issued – Final Tranche: 480,000 units @ C$0.25 per unit → C$120,000 gross proceeds.
• Total Units Sold (All Tranches): 4,000,000 units @ C$0.25 per unit → C$1,000,000 gross proceeds.
• Unit Composition: Each unit = 1 common share + ½ common‑share purchase warrant.
• Warrant Terms: Warrants allow purchase of one additional share at $0.40 until 18 Jun 2027; accelerated expiry if XAU’s share trades > $0.80 for 20 consecutive trading days.
• Finder’s Fees & Warrants (Second Tranche):
• Cash fees paid: $2,800 (4% of proceeds from certain subscribers).
• Finder’s warrants issued: 11,200 warrants (second tranche) + 131,200 total warrants overall.
• Total finder‑related cash fees reported: $32,800 (4% of applicable proceeds).
• Statutory Hold Period: All securities subject to hold period expiring 19 Apr 2026.
• Use of Proceeds:
• Advance exploration at Noseno Gold Project.
• Expand Guyana land package.
• Repay outstanding debt.
• Strengthen balance sheet for strategic growth initiatives.

Notable Quotes

(No direct quotes were provided in the release.)