Xmet closes institutional private placement of units

On February 27, 2015, Xmet Inc. (TSXV: XME) announced that it had completed an institutional private placement offering of units having issued 2,700,000 units at a price of $0.05 per unit for aggregate gross proceeds of $135,000.

Each unit consists of one common share of Xmet and one common share purchase warrant. Each warrant is exercisable into one common share at a price of $0.05 for a period ending February 27, 2020.

Gowlings was counsel to Xmet in this transaction with a team led by Henry Harris.