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XAU RESOURCES INC. ("GIG")
[Formerly XAU RESOURCES INC. ("GIG.P")]
BULLETIN TYPE: Qualifying Transaction-Completed, Symbol Change, Private Placement-Non-Brokered, Resume Trading
BULLETIN DATE: June 23, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing XAU Resources Inc. (the "Company") Qualifying Transaction ("QT") described in its Filing Statement dated June 14, 2022 (the "Filing Statement"). As a result, at the opening on Monday, June 27, 2022, the Company will no longer be considered a Capital Pool Company. Accordingly, the trading symbol for the Company will change from GIG.P to GIG. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital.
The QT consists of the following: Pursuant to an option agreement dated October 21, 2021, the Company has been granted an option by North West Exploration Inc. to earn a 100% undivided interest in certain mining permits located in northwestern Guyana, known as the Noseno Property.
For further information, please refer to the Company's Filing Statement filed on Sedar and the Company's news release dated June 20, 2022.
Private Placement - Non-Brokered
Prior to the completion of the QT, the Company completed a private placement of 4,000,000 subscription receipts which have been exchanged into the following securities in the Resulting Issuer.
Number of Shares: 4,000,000 common shares
Purchase Price: $0.25 per common share
Number of placees: 13 placees
Insider / Pro group participation:
Name
Insider=Y/
Pro Group=P
Number of Common Shares
Catopriam Inc. (Peter Hambro)
Y
1,177,689
Audrey Maruta
Y
100,000
Commission: Finders collectively received $5,047 in cash and 20,188 common shares purchase warrant exercisable at $0.25 for 2 years.
The Company confirmed the closing of the Private Placement in its news releases dated March 7 and 8, 2022.
Resume Trading
Further to the Exchange bulletin dated August 17, 2021, trading in the shares of the Company will resume at the opening on Monday, June 27, 2022 under the symbol "GIG".
Post-Transactional
Capitalization: Unlimited number of common shares with no par value of which
12,611,500 common shares are issued and outstanding.
Transfer Agent: TSX Trust Company
Trading Symbol: GIG (new)
CUSIP Number: 98401G103 (unchanged)
The Resulting Issuer is classified as an " Other support activities for mining" company (NAICS: 213119).
Company Contact: Gary Bay, CEO and Director
Company Address: 66 Wellington Street West, Suite 4100, Toronto, Ontario M5K 1B7
Company Phone Number: 647-339-4301
Company Email Address: gb.guygold@gmail.com
Company Website: www.xauresources.com
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