Xmet Inc. (TSXV:XME) acquired a 50% interest in 29 claim units in four claims on the western boundary of the Blackflake West property from Alibaba Graphite Corp. on June 10, 2014. Under the current transaction, Xmet will not be issuing any shares or cash for the initial 50% interest in the new claims as it has completed transaction with Alibaba with whom Xmet had previously agreed to sell unrelated mining claims in return for shares. Xmet is cancelling its right to receive shares in the previously announced transaction with Alibaba and retaining the claims. Xmet also has the option to increase its interest to 65% in the new claims within the next four months.

Xmet Inc. (TSXV:XME) completed the acquisition of a 50% interest in 29 claim units in four claims on the western boundary of the Blackflake West property from Alibaba Graphite Corp. on June 10, 2014. Xmet Inc. issued 1.5 million as consideration.