(TheNewswire)
TheNewswire - September 1, 2021 - Xander ResourcesInc . (TSXV:XND) (FSE:1XI) (OTC:XNDRF) (“ Xander ” or the“ Company ”) is pleased to announce that Mr.Deepak Varshney, P.Geo., currently a Director of the Company, has beenappointed President and CEO, effective immediately. Mr. Varshney ispresently CEO and a Director of Usha Resources Ltd. (USHA.V), a goldand copper-focused junior mining exploration company, and CEO andDirector of Orcus Resources Ltd., a Capital Pool Company (CPC). He isa professional geologist and has over 10 years of experience in thecapital markets and mineral exploration and development sector.
Mr. Varshney is replacing Mr. Jim Hirst as Presidentand CEO of the Company. The Company would like to thank Mr. Hirst forhis numerous contributions as its President and CEO and he willcontinue to serve as a director of the Company.
Deepak Varshney, P.Geo., President and CEO, commented,“I am excited to build on the previous exploration work we havecompleted on the Senneville Claims as we continue to develop ourproperties in the Abitibi. Our focus in the near term will be todevelop our lithium and gold assets as we move towards a sequence ofdrill programs across our claims through 2021-2022. Xander isfortunate to have the flexibility to move forward in both the batteryand precious metals spaces and I am confident that we have the keyelements in place to unlock significant value forshareholders.”
Non-Brokered Private Placement
The Company is also pleased to announce that it haslaunched a non-brokered private placement forgross proceeds of up to $200,000 through the issuance of up to2,000,000 units (the “ Units ”) at a price of $0.10 per Unit.
Each Unit will consist of one common share (a“ Share ”) and one transferable share purchase warrant (a“ Warrant ”) exercisable at $0.20 per share for a period of two (2)years from the date of closing.
Finder’s fees may be paid in accordance withapplicable securities laws. The net proceeds from the PrivatePlacement will be used for exploration on theCompany’s portfolio of properties and workingcapital and general corporate purposes.
About Xander Resources Inc.
Xander Resources Ltd. is a Canadian mineral acquisitionand exploration company based in Vancouver, BC, Canada. Xander isexploring for commercially exploitable mineral deposits and iscurrently focused on deposits located in Val-d’Or, Quebec, includingthe Senneville Claim Group which comprises over 100 sq. km and is contiguous in the South to Probe Metals’ newdiscovery, and contiguous in the North to Monarch Mining and inclose proximity to EldoradoGold’s (formerly QMX Gold ) projects in the Val-d’Or Mining Camp .
ON BEHALF OF THE BOARD OFDIRECTORS
Deepak Varshney, P.Geo., Presidentand CEO
Telephone: (236) 607-5490
For more information please visit our website: www.xanderresources.ca
Email: info@xanderresources.ca
Investor Relations: ir@xanderresources.ca DanSamartino
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accept responsibility for the adequacy oraccuracy of this release.
The securitiesreferred to in this news release have not been, nor will they be,registered under the United States Securities Act of 1933, as amended,and may not be offered or sold within the United States or to, or forthe account or benefit of, U.S. persons absent U.S. registration or anapplicable exemption from the U.S. registration requirements.
This news releasedoes not constitute an offer for sale of securities for sale, nor asolicitation for offers to buy any securities. Any public offeringof securities in the United States must be made by means of aprospectus containing detailed information about the company andmanagement, as well as financial statements.
NOT FORDISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIESDESCRIBED HEREIN
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