11:12 AM EDT, 09/12/2025 (MT Newswires) -- Xtra-Gold Resources ( XTGRF ) Friday said that it intends to raise $1.5 million through a non-brokered private placement of units.

The company will issue up to 625,000 units priced at $2.40 each. Each unit consists of one share and one-half of a share purchase warrant. Each warrant can buy a share at $2.80 each, for two years.

Proceeds will be used for general working purposes.

Xtra Gold shares are down $0.02 at $2.57 on the Toronto Stock Exchange.

Price: 2.55, Change: -0.04, Percent Change: -1.54