Xander Resources Announces Proposed Option and Warrant Amendments
Xander Resources Announces Proposed Option and Warrant Amendments
Vancouver, British Columbia / December 17, 2024 – Xander Resour ces Inc. (“Xander” or the
“Company”) (TSXV: XND) (FSX: 1XI) announces that it intends to re-price 350,000 common share
purchase warrants (the “Warrants”) issued by the Company pursuant to a private placement that closed on
June 7, 2024 (the “ Warrant Amendments”) from $0.70 per common share (the “ Shares”) to $0.26 per
Share, being the 10-day volume weighted average price of the Company’s Shares.
In accordance with the policies of the TSX Venture Exchange (th e “Exchange”), the Warrants will be
amended to include accelerated expiry provisions which provide that, if the market price of the Company’s
Shares is $0.325 or higher, being 25% of the amended exercise p rice of $0.26, for ten (10) consecutive
trading days (the “ Premium Trading Days ”), the Warrants will expire in 30 days of the Company
providing notice of the accelera tion, with such notice being no more than seven (7) days after the tenth
Premium Trading Day.
Additionally, the Company wishes to reprice an aggregate of 72, 500 incentive stock options (“ Options”)
previously granted to a consultant on June 1, 2024 from $0.55 p er Share to $0.26 per Share (the “ Option
Repricing”).
Insiders of the Company do not hold any Warrants or Options being considered for repricing.
The Warrant Amendments and Option Amendments are subject to approval by the Exchange.
About Xander Resources Inc.
Xander is a Canadian mineral ac quisition and exploration compan y based in Vancouver, B.C., Canada,
focused on developing accretive gold and battery metal properti es within Canada. The Company currently
has a focus on projects located within the provinces of Ontario and Quebec. Xander is exploring for
commercially exploitable mineral deposits and is currently focu sed on deposits located in Val d’Or, Que.,
including the Senneville claim group, which comprises over 100 square kilometres and is contiguous in the
south to Probe Metals’ new discovery and contiguous in the nort h to Monarch Mining, in close proximity
to the Crawford project.
ON BEHALF OF THE BOARD OF DIRECTORS
Deepak Varshney, P.Geo., President and CEO
For more information, please email [email protected], or visit www.xanderresources.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.