Sulliden Mining Capital Inc. Acquires Securities in Xander Resources Inc.
Sulliden Mining Capital Inc. Acquires Securities in Xander Resources Inc.
TORONTO, May 19, 2022 -- On May 3, 2022, Sulliden Mining Capital Inc. (TSX: SMC) (“Sulliden” or the “Company”) acquired
7,142,857 Units (“ Units”) of Xander Resources Inc. (“ Xander ”) (TSXV: XND ) ( OTCQB: XNDRF) ( FSX: 1XI ) pursuant to
Xander’s non-brokered private placement. Each Unit consists of one common share of Xander and one transferable common
share purchase warrant exercisable at a price of $0.10 per share until April 29, 2025.
Prior to the acquisition of the aforesaid securities, Sulliden did not, neither directly nor indirectly beneficially own Xander
common shares. As a result of this transaction, Sulliden now owns 7,142,857 common shares and 7,142,857 warrants, which
represents approximately 10.18% of the outstanding common shares of Xander on an undiluted basis and 18.48% on a diluted
basis.
Sulliden acquired the common shares for investment purposes. Sulliden may acquire additional securities of Xander in the
future, may dispose of some or all of the securities or may continue to hold their respective current positions.
A copy of the early warning report filed in respect of the above transaction is available under the Company’s profile on SEDAR
at www.sedar.com.
About Sulliden Mining Capital Inc.
Sulliden is a mining company focused on acquiring and advancing brownfield, development-stage and early production-stage
mining projects in the Americas.
Sulliden Mining Capital Inc.
On behalf of the Board
“Stan Bharti”
Interim Chief Executive Officer
For more information:
Ryan Ptolemy
Chief Financial Officer
Cautionary statement regarding forward-looking information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, without limitation, statements regarding the Company’s future plans, operations and
activities, projected mineralization, predictions with respect to precious and base metal markets, and the ability of the
Company to execute its business plans. Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining
industry and risks described in the public disclosure of the Company which is available under the profile of the Company on
SEDAR at www.sedar.com and on the Company's website at www.sulliden.com. Although the Company has attempted to
identify important factors that could cause actual results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither the TSX nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this
release.