(TheNewswire)
TheNewswire - July 16, 2021 - Xander ResourcesInc . ( TSXV:XND ) (FSE:1XI ) ( OTC:XNDRF ) (“ Xander ” or the “ Company ”) announcesthat, subject to the approval of the TSX VentureExchange (the “ Exchange ”), it intends to extend theexpiration date of 4,000,000 warrants (the“ Warrants ”) originally issued by the Company on July 24, 2020pursuant to a non-brokered private placement by one year.
The Warrants are exercisable into common shares of theCompany at a price of $0.25 per common share and currently have anexpiry date of July 24, 2021.
The Warrants are subject to an acceleration provisionthat states: In the event that the closing priceof the Company’s common shares on the Exchange (or such otherexchange on which the Company’s common shares may become traded) is$0.33 per common shares or greater during any fifteen (15) consecutivetrading day period at any time subsequent to four months and one dayafter the closing date, the Warrants will expire at 4:00 p.m.(Vancouver time) on the 30 th day after the date on which the Companyprovides notice of such accelerated expiry to the holders of theWarrants.
The Company wishes to extend the expiry date of theWarrants to 4:00PM PST on July24, 2022 . All other terms and conditions ofthe Warrants, including the exercise price, remain the same.
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 projects located on the Abitibi Greenstone Beltin Quebec, the Senneville Claim Group in the Val-d’Or Gold Camp, theBlue Ribbon Property in the Fenelon Gold Camp, and the Bachelor NorthProperty in the Urban Barry Gold Camp.
We seek Safe Harbor.
ON BEHALF OF THE BOARD OFDIRECTORS
James Hirst, CEO
Telephone: (236) 607-5490
For more information please visit our website: www.xanderresources.ca
Email: info@xanderresources.ca
Investor Relations: Dan Samartino: ir@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.
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