XND:CC - Xander Resources Announces Option Cancellations
(TheNewswire)
Vancouver, British Columbia – TheNewswire - May 5, 2022 – Xander Resources Inc.(“Xander” or the “Company”) (TSXV:XND) (OTC:XNDRF)(FSX:1XI) announces that it has cancelled an aggregate of 400,000 incentivestock options previously granted to a former director of the Companyon September 28, 2020, November 23, 2020, December 29, 2020 andOctober 13, 2021 at exercise prices of $0.26, $0.15 and$0.13.
About Xander Resources Inc.
Xander Resources Inc. is a Canadian mineral acquisitionand exploration company based in Vancouver, BC, Canada focused ondeveloping accretive gold and battery metal properties within Canada.The company currently has a focus on projects located within theProvinces of Ontario and Quebec.
Xander is exploring for commercially exploitablemineral deposits and is currently focused on deposits located inVal-d’Or, Quebec, including the Senneville Claim Group whichcomprises over 100 sq. km and is contiguous in the south to ProbeMetals’ new discovery, and contiguous in the north to MonarchMining, in close proximity to Eldorado Gold’s (formerly QMX Gold)projects, and east of the North American Lithium Deposit, GreatThunder Gold‘s Chubb Lithium property and East of the SayonaQuebec's Authier Lithium Deposit, all in the Val-d’Or Mining Camp,plus its newly acquired nickel-sulphide project in Timmins, Ontarionear Canada Nickel’s MacDiarmid and Crawford Projects.
ON BEHALF OF THE BOARD OFDIRECTORS
Deepak Varshney, P.Geo., Presidentand CEO
For more information, please email ir@xanderresources.ca , or visit www.xanderresources.ca .
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
Forward-looking statements:
This news release includes"forward-looking information" under applicable Canadiansecurities legislation including, but not limited to, the anticipatedclosing of the Transaction and private placement. Such forward-lookinginformation reflects management's current beliefs and are based on anumber of estimates and assumptions made by and information currentlyavailable to the Company that, while considered reasonable, aresubject to known and unknown risks, uncertainties, and other factorswhich may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookinginformation. Readers are cautioned that such forward-lookinginformation are neither promises nor guarantees, and are subject toknown and unknown risks and uncertainties including, but not limitedto, general business, economic, competitive, political and socialuncertainties, uncertain and volatile equity and capital markets, lackof available capital, actual results of exploration activities,environmental risks, future prices of base and other metals, operatingrisks, accidents, labour issues, delays in obtaining governmentalapprovals and permits, and other risks in the mining industry. Thereare no assurances that the Company will successfully complete theTransaction and the private placement on the terms contemplated or atall. All forward-looking information contained in this news release isqualified by these cautionary statements and those in our continuousdisclosure filings available on SEDAR at www.sedar.com. Accordingly,readers should not place undue reliance on forward-lookinginformation. The Company disclaims any intention or obligation toupdate or revise any forward-looking information, whether as a resultof new information, future events or otherwise, except as required bylaw.
The Company is presently anexploration stage company. Exploration is highly speculative innature, involves many risks, requires substantial expenditures, andmay not result in the discovery of mineral deposits that can be minedprofitably. Furthermore, the Company currently has no reserves on anyof its properties. As a result, there can be no assurance that suchforward-looking statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements.
The securities referred to in thisnews release have not been, and will not be, registered under theUnited States Securities Act of 1933, as amended (the “U.S.Securities Act”), or any applicable securities laws of any state ofthe United States, and may not be offered or sold within the UnitedStates or to, or for the account or benefit of, U.S. persons (as suchterm is defined in Regulation S under the U.S. Securities Act) orpersons in the United States unless registered under the U.S.Securities Act and any other applicable securities laws of the UnitedStates or an exemption from such registration requirements isavailable.
This press release does notconstitute an offer to sell or a solicitation of an offer to buy anyof these securities within any jurisdiction, including the UnitedStates. Any public offering of securities in the United States mustbe made by means of a prospectus containing detailed information aboutthe company and management, as well as financial statements.
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