Xmet Inc. (TSXV:XME) announced an institutional private placement of 2,700,000 units at CAD 0.05 per unit for gross proceeds of CAD 135,000 on February 27, 2015. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable into one common share of the company at a price of CAD 0.05 for a period ending February 27, 2020. The units and underlying securities will be subject to a four month hold period following closing of the transaction, expiring on June 28, 2015. The company paid a finders' fee of CAD 10,800 which is 8% of the gross proceeds and issued 216,000 compensation options which 8% of the units issued. Each compensation option entitles the holder to acquire one common share of the company at a price of CAD 0.05 per share until February 2, 2017.

The company announced that TSX Venture Exchange has accepted the filing documentation with respect to the transaction. The transaction included participation from one placee. The company paid finder's fee and issued compensation options to Maison Placements Canada Inc.