- Sulliden Mining Capital Inc. (SMC) acquired 7,142,857 units of Xander Resources Inc.
- Each unit consists of one common share of Xander and one transferable common share purchase warrant at $0.10 per share until April 29, 2025
- Sulliden now owns 7,142,857 common shares and 7,142,857 warrants
- The acquisition of these common shares were done for investment purposes
- The main focus of Sulliden is to acquire and advance brownfield, development-stage and early production-stage mining projects
- Sulliden Mining Capital Inc. (SMC) is down over 6.50 percent, trading at C$0.07 at 1:42 pm ET
Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.
Each unit consists of one common share of Xander and one transferable common share purchase warrant at $0.10 per share until April 29, 2025.
Sulliden now owns 7,142,857 common shares and 7,142,857 warrants of Xander Resources.
Owning these common shares and warrants represents approximately 10 per cent of the outstanding common shares of Xander on an undiluted basis and 18.48 per cent on a diluted basis.
Sulliden acquired the common shares for investment purposes.
Sulliden may acquire additional securities of Xander in the future, dispose of some or all of the securities, or continue to hold their respective current positions.
Sulliden is a mining company focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the Americas.
Sulliden Mining Capital Inc. (SMC) is down over 6.50 percent, trading at C$0.07 at 1:42 pm ET.
