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Xali Gold (TSXV:XGC) announces non-brokered financing

Mining, Sponsored, The Watchlist
TSXV:XGC
28 October 2021 12:45 (EDT)

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Xali Gold (XGC) is pleased to announce a non-brokered private placement for gross proceeds of approximately $500,000.  

Proceeds from the placement will be used to further permitting and targeting for drilling programs on the company’s gold-silver projects along with working capital and general corporate purposes.

The private placement will consist of the sale of approximately 8,333,333 units at a price of $0.06 per unit.

Joanne Freeze, CEO of Xali Gold sat down with Caroline Egan to discuss drilling progress at El Oro, and provide an update on its private placement.

Xali Gold Corp is a mineral exploration company engaged in the exploration of mineral rights interests in Mexico and Peru. Its projects include El Oro, El Dorado, Cocula and Tres Marias.

El Oro is a district-scale gold project encompassing a well-known prolific high-grade gold-silver epithermal vein system in Mexico. 

Xali Gold Corp. (XGC) is currently trading at C$0.055 per share.

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