Xmet Inc. announced a non-brokered private placement of 4,000,000 flow-through common shares at CAD 0.125 per flow-through common share for gross proceeds of CAD 500,000 on December 23, 2013. The transaction will be done in tranches. The securities issued are subject to a four month hold period expiring on April 23, 2014. The company paid a cash finder's fee of CAD 35,000 and issued 160,000 non-transferable compensation options exercisable at CAD 0.135 per compensation option to acquire 160,000 common shares expiring on December 23, 2014.

On the same day, the company received CAD 500,000 in funding.

On January 2, 2014, Xmet Inc. closed the transaction. The company issued 1,360,000 flow-through common shares, 240,000 non- flow through units for gross proceeds of CAD 200,000 in the second and final tranche of the transaction for aggregate proceeds of CAD 700,000. Each unit consists of one common share and one half of a common share purchase warrant. Each warrant entitles the holder to purchase one common share at CAD 0.19 for one year from closing. The transaction involved the participation of certain directors and officers. The securities issued are subject to a four month hold period expiring on May 1, 2014. The company paid a cash finder's fee of CAD 11.725. The transaction included participation from 11 placees. Gayle Stewart through Moray Resources Inc., Charles Beaudry through returning investor Merrygold Investments Ltd, Stephen Stewart through new investor 2287957 Ontario Inc subscribed for 24,000 shares, 216,000 shares, and 20,000 shares respectively. An aggregate of CAD 46,725 in cash and 160,000 finders' warrants payable to D&D Securities Inc., Secutor Capital Management Corp., Marquest Asset Management and Timothy Gallagher. Each finder's warrant entitles the holder to acquire one common share at CAD 0.135 until December 23, 2014.