Xali Gold Closes First Tranche of Private Placement for $1.5 Million

GlobeNewswire Inc. • Dec 24, 2025 7:00am (New York) •By Xali Gold Corp.

Xali Gold Closes First Tranche of Private Placement for $1.5 Million

Xali Gold Corp. closed the first tranche of a non-brokered private placement for C$1.5 million on December 23, 2025, with a second tranche of up to C$0.5 million planned for early January 2026. The proceeds will fund a US$500,000 payment to Pan American Silver Corp. for the acquisition of the Pico Machay Gold Property in Peru, an advanced exploration stage project with near-term production goals. The company issued 15 million units at C$0.10 per unit, each consisting of one common share and half a warrant exercisable at C$0.20 for 18 months.

← Back to news Read Original Article

Insights

PAAS neutral

Pan American is receiving a US$500,000 payment from the acquisition transaction, which is a standard business transaction. No additional context suggests positive or negative implications for Pan American.

Keywords

#private placement #gold exploration #acquisition #Peru #financing #warrants #TSX Venture Exchange

Tickers

PAAS

← Prev: Form 8.3 - Empiric Student Property Plc

Next: FTSE 100 Beats the S&P 500 as Cyclicals and Commodities Drive Returns →