Xmet is pleased to announce that, subject to the acceptance of the TSX Venture Exchange, it has closed a second and final tranche of a non-brokered private placement offering of 1,600,000 common shares and 120,000 share purchase warrants in the capital of Xmet at a price of $0.125 per Share for aggregate gross proceeds of $200,000 (the "Second Closing"). The Second Closing was composed of 1,360,000 common shares
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