(TheNewswire)
MONTRÉAL – TheNewswire- May 18, 2021 -- Elixxer Ltd. (TSXV:ELXR)(OTC:ELIXF) (“ Elixxer ” or (the “ Company ) announcesthat it has amended its stock option plan (the “ Plan ”) to increasethe number of common shares that may be issued thereunder. The Plan isa fixed stock option plan, and the amendment increases the number ofcommon shares reserved for issuance under the Plan from 83,331,796 to126,701,606, being 20% of the Company’s issued and outstandingcommon shares as of the date hereof. The Company has a total of16,800,000 stock options currently issued and outstanding under thePlan
The amendment to the Plan is subject to the approval of (i) the TSXVenture Exchange and (ii) the Company’s shareholders which approvalwill be sought at the Company’s annual and special meeting ofshareholders scheduled for June 15, 2021.
The Company also announces that, effective immediately, Mazen Haddadhas resigned as a director of the Company.
About Elixxer Ltd. ( www.Elixxer.com )
Elixxer is a Canadian public company listed on the TSX VentureExchange (TSX-V: ELXR) and the US OTC-QB exchange (OTCQB: ELIXF).
Through its partners, Elixxer presently has significant interests inAustralia, Jamaica, Switzerland, Italy and Canada.
For further information pleasecontact:
Ferras Zalt, Chairman and Interim CEO: +44 20 74096680; f erras @elixxer.com
Caution Regarding PressReleases
Neither the TSX Venture Exchange norits Regulation Service Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Notice Regarding Forward LookingStatements
This press release may contain forward-looking statements with respectto Elixxer and its operations, strategy, investments, financialperformance and condition. These statements can generally beidentified by use of forward-looking words such as “may”,“will”, “expect”, “estimate”, “anticipate”,“intends”, “believe” or “continue” or the negative thereofor similar variations. The actual results and performance of Elixxercould differ materially from those expressed or implied by suchstatements. Such statements are qualified in their entirety by theinherent risks and uncertainties surrounding future expectations. Someimportant factors that could cause actual results to differ materiallyfrom expectations include, among other things, general economic andmarket factors, competition, government regulation and the factorsdescribed under “Risk Factors and Risk Management” in Elixxer’smost recent Management’s Discussion and Analysis filed on SEDAR(www.sedar.com). The cautionary statements qualify all forward-lookingstatements attributable to Elixxer and persons acting on its behalf.Unless otherwise stated, all forward-looking statements speak only asof the date of this press release, and Elixxer has no obligation toupdate such statements, except to the extent required by applicablesecurities laws.
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