Xander Resources Inc. Announces Creation of Advisory Board and Grant of Options
#200 – 905 W. Pender Street Vancouver, BC V6C 1L2
FOR IMMEDIATE RELEASE September 27, 2017
Xander Resources Inc. Announces Creation of Advisory Board and Grant of Options
Xander Resources Inc. (TSX‐V: XND) (the “Company”) is pleased to announce the creation of an Advisory Board. The Advisory Board will advise the Company from time to time on issues as requested by the Company, including providing strategic advice on the direction and strategy of the Company, advising and assisting with business development by and for the Company, and facilitating introductions between the Company and third parties who may be in a position to assist in furthering the goals of the Company.
The Company is pleased to announce the appointment of Mr. Sean Finegan and Mr. Chris Titzer as the first members of its Advisory Board, who are appointed to assist the Company with its identification and evaluation of potential business opportunities outside the Company’s core business of mineral exploration.
Mr. Finegan has over 30 years of experience in multiple areas of sales and marketing across the security industry. In various roles, he has rapidly increased revenue and profitability by utilizing expertise for lead generation, product positioning, deep vertical knowledge, and extensive relationships with distributors and integrators. Mr. Finegan has a history of successful sales to commercial clients such as Microsoft, Micron Technologies, AT&T Wireless, and over 26 airports in the United States and Canada. International sales experience includes securing the Civil Aviation Authority in the United Kingdom and, through partners, to airports across Europe. His governmental and municipal sales successes include several Texas municipal school districts, Irving Convention Center, and Texas Woman’s University. Mr. Finegan has been operating on a consulting contract for Star Asset Security, a security systems integrator based in Orlando, Florida, since February 2016. Mr. Finegan’s responsibilities have included serving as the Director of Sales for the company’s ten offices. Mr. Finegan has also assisted Star Asset Security in finding merger and acquisition opportunities. Mr. Finegan’s current responsibilities with Star Asset Security include the oversight of 15 sales personnel and directly managing relationships with numerous vendors.
Mr. Titzer is a committed problem solver in the field of software engineering who has been recognized by the University of Cincinnati and Cincinnati Children’s Hospital for innovative work in the area of concussion monitoring. His professional expertise spans the areas of custom developed web application, cloud solutions, and mobile applications. Mr. Titzer also has experience as a golf professional and business owner, with an extensive background in management, sales, finance, budgeting, and customer relations. For the past 5 years, Mr. Titzer has overseen the development of a web application responsible for $14 million in annual revenue that monitors over $18 billion dollars of assets globally for 88% of the Fortune 500, with 99.9% up‐time. Mr. Titzer has advanced engineering and development experience on the following platforms: Microsoft .NET, C#, Azure, T‐SQL, Salesforce.com, and Apple (Objective C and Swift). Mr. Titzer’s combined engineering and analyst experience has brought him the following professional accomplishments: 2014 University of Cincinnati Technology Expo winner with Safety BLITS, a mobile concussion monitoring application for iPad, Certified Salesforce.com developer, Cisco CCNA, and Honeywell Systems Gold. Mr. Titzer is a Senior Cloud Programmer Analyst for Honeywell. Recently, Mr. Titzer was promoted to Senior Salesforce Developer Analyst.
In connection with Mr. Titzer and Mr. Finegan’s appointments, the Company entered into Advisory Board Agreements dated July 1, 2017, whereby, among other terms, the Company agreed to grant each of them 50,000 stock options at the exercise price of $0.28 per common share until expiry on September 1, 2022.
Stock Option Grant
The Company announces that it has granted 100,000 stock options to consultants (comprised of 50,000 stock options to each of Mr. Titzer and Mr. Finegan) for the purchase of up to an aggregate 100,000 common shares of the Company, pursuant to its Stock Option Plan, at a price of $0.28 per common share. Common shares issuable upon the exercise of stock options held by consultants of the Company will be subject to an exchange hold period of four months and one day from the date of the grant of the stock options. Each option granted to consultants is exercisable until expiry on September 1, 2022. These stock options vest as follows: (i) 20,000 stock options vest immediately, (ii) 20% after 1 year, 20% after 2 years, (ii) 20% after 3 years,
(iv) and 20% after 4 years.
On behalf of the Board of Directors,
“Bryce Clark”
Bryce Clark, Chief Executive Officer Tel: 604 683‐0343 Fax: 604‐683‐4499 Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.