Xmet Inc.

Xmetannounces that its annual meeting was held on July 28, 2015. All directors were re-elected, the appointment of auditors was approved, the company's stock option plan was approved for the ensuing year and Xmet's Board of Directors proposal for a share consolidation should the need arise in connection with a possible future financing or acquisition was also approved as described in the Information Circular. Neither [...]

Xmet announces that it has mailed the Notice of Meeting and Management Information Circular in connection with its Annual and Special Meeting of Shareholders scheduled for July 28. At the Meeting the Meeting, Xmet will propose the re-election of Alexander Stewart, Stephen Stewart, Jean-Pierre Colin, Charles Beaudry, Sam Garofalo and Matey Nedkov de La Camp as directors, the re-appointment of Parker & Simone LLP as [...]

Xmet is pleased to provide updates for its three current Projects, the Win-Win, Blackflake West and Grasset. Win-Win Xmet plans to commence work on its Win-Win project this summer with a ground reconnaissance program and a geophysical survey. Results pending this would be followed by a drill program aimed at areas of thickening of the mineralization along the known NW-SE trending mineralized trend and will test for [...]

Xmet is pleased to announce that it has acquired a 100% option on the Win-Win Project located 35 kms southwest of the town of Chibougamau, Quebec. The Win-Win Project is adjacent to and immediately north of the IAMGold and TomaGold project called Monster Lake. In November 2013 IAMGold optioned a 50% interest in the Monster Lake Project in return for an investment of $17.575 million over a five year period. The [...]

Xmet is pleased to announce that it has issued today to certain of its arm's length creditors, 5,060,000 units of the Company in satisfaction of aggregate indebtedness of $253,000 at an effective price of $0.05 per unit. Each unit is comprised of one common share of Xmet and one common share purchase warrant of Xmet. Each warrant entitles the holder to acquire one common share of Xmet at a price of $0.05 at any time [...]

Xmet is pleased to report that it has completed the initial phase of the diamond drilling program on its wholly-owned Grasset Property, located along the eastern extension of the Detour-Sunday Lake deformation zone in the highly prolific Abitibi Mining District of Quebec. The Company completed 11 drill holes for a total of approximately 2,600 metres and tested all the priority targets it had identified in the [...]

Xmet is pleased to announce that it thus far completed drilling eight holes on its Grasset Project out of the ten holes originally planned. Three of these holes encompassing approximately 460 metres have been cut and sent to the lab for assays. The remaining completed holes are being cut and processed and will be sent for assays in the near future. Xmet has also decided to expand its Grasset drill program to include [...]

Xmet is pleased to announce that, subject to approval of the TSX Venture Exchange, it has completed an institutional private placement offering of units of the Corporation. In connection with the current tranche, the Company 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 in the capital of the Corporation (each, a "Common Share [...]

Xmet is pleased to announce that it has commenced drilling on its 100% owned Grasset project located along the Detour Sunday Lake Deformation Zone and adjacent to Balmoral Resources Grasset Project. Rouillier Drilling was engaged to complete the scheduled 2,200 metre program which includes ten diamond drill holes. The targets where delineated from the airborne VTEM recently completed by Xmet and previous ground IP [...]

Xmet is pleased to provide some preliminary results from its approximately 1,200 metre diamond drilling program on its Blackflake West property. A total of four holes were drilled during this program, three of which were drilled to test portions of a large airborne electromagnetic anomaly in the west (El Gordo target) and the fourth hole into a smaller, more conductive anomaly (El Nino target), approximately 1.5km to [...]