공지 • Sep 18
Xcite Resources Inc. announced that it expects to receive CAD 4 million in funding
Xcite Resources Inc. announced a best efforts private placement on September 17, 2025. Under LIFE offering the company will issue up to 9,166,667 units at a price of CAD0.12 per Unit, to raise gross proceeds of up to CAD1,100,000 and under flow-through offering the company will issue up to 18,125,000 flow-through common shares at a price of CAD0.16 per flow-through Share to raise gross proceeds of up to CAD2,900,000.Each Unit offered under the LIFE Offering will consist of one common share of the Company and one-half of one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.20 for a period of 48 months from the date of issuance. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (“NI 45-106”), the Unit Offering is being made to purchasers resident in each of the Provinces of Canada, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Securities issued under the LIFE Offering will not be subject to a statutory hold period under applicable Canadian securities laws, in accordance with the listed issuer financing exemption under Part 5A of NI 45-106. The flow-through Shares, issued under the Flow-Through Offering, will be issued pursuant to the “accredited investor” and “minimum amount” exemptions and will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with National Instrument 45-102 – Resale of Securities. The Flow-Through Shares will be subject to a hold period of four months and a day in accordance with applicable securities laws. The Company has appointed Canaccord Genuity Corp. as the lead agent and sole bookrunner in connection with the Company’s concurrent LIFE and FT Offerings. Canaccord Genuity shall act as Lead Agent on its own behalf and, if applicable, on behalf of any duly registered investment dealers that may be brought into the selling group. In consideration of the services to be rendered by the Lead Agent and the Agents in connection with the Offerings, the Company shall, at the closing of each of the Offerings, pay and/or issue to the Lead Agent a Commission equal to eight percent (8%) of the aggregate gross proceeds raised under each of the LIFE Offering and the FT Offering, respectively, payable in cash or, at the election of the Lead Agent, in common shares of the Company issued at a price of $0.12 per share; Broker warrants entitling the holder to purchase, in the aggregate, that number of Offered Securities (being Units in the case of the LIFE Offering and FT Shares in the case of the FT Offering) equal to eight percent (8%) of the number of Offered Securities sold under the applicable Offering, exercisable at an exercise price equal to the applicable offering price and exercisable for a period of twenty-four months following the applicable closing date and a corporate finance fee of $120,000, payable in cash or, at the election of the Lead Agent, in common shares of the Company issued at a price of $0.12 per share, for advisory services rendered. Insiders of the Company may participate in the Financing. Insiders of the Company may participate in the Financing. Pursuant to the policies of the Canadian
Securities Exchange (the “CSE”), closing the Financing will be subject to receipt of approval from the Company’s shareholders,