Xmet Inc. (TSXV:XME) announced a non-brokered private placement of up to 21,490,000 flow-through units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 1,074,500 and also issued 1,170,000 hard dollar units for gross proceeds of CAD 58,500 total gross proceeds of CAD 1,133,000 on November 21, 2014. Each flow through unit consists of one common share and one half of one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.055 per share until November 21, 2017. Each hard dollar unit consists of one common share and one share purchase warrant. The company has paid to finders, cash finder's fees of CAD 80,140 equal to approximately 7.1% of the gross proceeds raised and issued 1,402,800 compensation options totaling approximately 6.2% of the units issued. Each compensation option entitles the holder to acquire one common share at a price of CAD 0.05 cents at any time until November 21, 2017. The securities issued in the private placement are subject to a statutory four month hold period expiring on March 22, 2015.

On November 21, 2014, the company announced that the TSX Venture Exchange has accepted the filing documentation with respect to the transaction. The round included participation from 37 placees. Secutor Capital Management Corp., Marquest Asset Management Inc., and Cliff Stewart acted as finders to the company. The company paid CAD 80,140 in cash and 1,402,800 finders warrants to Secutor Capital Management Corp., Marquest Asset Management Inc., and Cliff Stewart. Each finder's warrants are exercisable into one common share at a price of CAD 0.05 per share for a three year period.