(TheNewswire)
TheNewswire - September 15, 2021 - Xander ResourcesInc . (TSXV:XND) (FSE:1XI) (OTC:XNDRF) (“ Xander ” or the“ Company ”) is pleased to announce theappointment of James Walker as a member of its board of directors,effective immediately.
James Walker has extensive experience in engineeringand project management; particularly within mining engineering,mechanical engineering, construction, manufacturing, engineeringdesign, infrastructure, safety management, and nuclear engineering. Heis currently the CEO and President and Director of Ares StrategicMining and a Director of Bayhorse Silver Inc., both TSX VentureExchange listed issuers, and a director of Orcus Resources Ltd. Hisprevious experience includes his time at Lithium Energy Products wherehe oversaw the exploration of multiple lithium projects.
James’ professional experience includes designingnuclear reactors, submarines, chemical plants, factories, mineprocessing facilities, infrastructure, automotive machinery, andtesting rigs.
Mr. Walker holds degrees in Mechanical Engineering,Mining Engineering, and Nuclear Engineering, as well as qualificationsin Project Management and Accountancy, and is a Chartered Engineerwith the IMechE, and registered as a Project Manager Professional withthe APM.
The Company also announces that it has granted 150,000incentive stock options to a director exercisable at $0.13 for aperiod of 5 years, in accordance with its stock option plan.
Deepak Varshney, P.Geo., President and CEO, commented,“We are thrilled to welcome James to our board as an independentdirector. He brings a wealth of knowledge with extensive miningindustry and capital markets experience. We believe his skill setcomplements those of our existing board members and that he will be atremendous resource for Xander as we continue to execute on ourstrategy, drive growth and build long-term shareholder value for theCompany.”
Non-Brokered Private Placement
The Company also announces it has increased thepreviously announced financing (the “ Offering ”) (see newrelease of September 1, 2021) wherein the Company has increased theOffering to include up to 3,000,000 units of the Company issued on anon-flow-through basis (the “ Units ”) at a price of $0.10 for grossproceeds of up to $300,000 (the “ Proceeds ”).
Each Unit will consist of one common share (a“ Share ”) and one transferable share purchase warrant exercisableat $0.20 per Share for a period of two (2) years from the date ofclosing.
Finder’s fees may be paid in accordance withapplicable securities laws. The Proceeds from the Offering will beused for exploration on the Company’sportfolio of properties and working capital andgeneral corporate purposes.
Exploration Update
The Company is pleased to announce that it hasmobilized its geological team to its Senneville Project located inQuebec for the execution of an outcrops sampling and mapping programas part of its strategy to pursue the lithiumpotential on the western part of its claims, in particular wherevolcanosedimentary rocks are in contact with the La Corne Batholith.
This area is of particular interest as it is in closeproximity to the North American Lithium deposit which has proven andprobable reserves of 17.06 Mt grading 0.94% Li2O and measured andindicated resources of 33.24 Mt grading 1.19% Li2O ( http://na-lithium.com/projects ) and near an area undergoing intense exploration by manyother juniors including Great Thunder Gold, which recently reported1.48% Li2O over 12.7 metres and 1.16% Li2O over 9.8 metres in drillingcompleted earlier this year.
The program will build on the recently completed BeepMat survey that was carried out by Magnor Exploration Inc. Beep MatSurveys are a geophysical method used to detect the magneticsusceptibility and relative Electromagnetic (EM) conductivity alongwith GPS location in order to identify potential underlyingconductors.
Deepak Varshney, P.Geo., President and CEO, commented,“We are very excited to commence exploration on our western claimsas we move forward as a battery-metals focused explorer. We see atremendous opportunity at Senneville West and this sampling program isonly our initial step as we move towards a drilling campaign in 2022that will be guided by a systematic approach following extensivemapping and sampling to maximize value for our shareholders.”
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 . Our flagship project is the SennevilleProject in the Val-d’OrMining Camp . The project comprises over 100 sq. km and is can be divided into two sections: Senneville East,which is gold-focused and contiguous and adjacent to significant goldprojects including ProbeMetals’ new discovery to the South and Monarch Mining’s project to the North, and Senneville West, whichis lithium-focused and in close proximity to North AmericanLithium’s deposit, which has proven and probable reserves of 17.06Mt grading 0.94% Li2O, and near an area undergoing intense explorationby companies including Sayona Mining, Great Thunder Gold and FirstEnergy that the Quebec government is developing into a world-classlithium hub.
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
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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