X1 Entertainment Announces Stock Option Grant
X1 Announces Stock Options Grant
VANCOUVER, BC – June 21, 2024 – X1 Entertainment Group Inc. (CSE:XONE; OTCQX:
XOEEF; FSE: QN9) (“X1” or the “Company”) is pleased to announce it has granted an aggregate
of 360,000 stock options (the “Options”) to directors, officers, and consultants of the Company to
purchase 360,000 common shares (the “Shares”) in the capital of the Company pursuant to the
Company’s share option plan (the “Option Grant”). The Options , which vest immediately, are
exercisable at an exercise price of $0.35 per Share for a period of five years from the date of
grant.
The Options are being granted following the Company’s news release, dated March 4, 2024,
whereby the Company announced that a total of 360,000 Options were being voluntarily
surrendered by the holders thereof (the “ Holders”) and cancelled by the Company (the
“Cancelled Options”). The Company announced its intention to grant to the Holders replacement
options with an exercise price equal to or above the market price of the Shares on the Canadian
Securities Exchange (the “ CSE”) in accordance with the policies of the CSE and applicable
securities laws. The Option Grant is provided as consideration for the Cancelled Options and for
additional professional services rendered.
About X1
X1 Entertainment Group Inc. is a public company based in Vancouver, BC whose common shares
are listed on the Canadian Securities Exchange under the ticker symbol (CSE:XONE). The
Company has entered into a definitive asset purchase agreement with SKRR Exploration Inc
pursuant to which the Company has agreed to acquire a 100% legal and beneficial interest in
thirteen (13) contiguous mineral claims totaling 4,293.213 hectares located in the Province of
Saskatchewan known as the Manson Bay Property.
For more information, please contact:
Latika Prasad
CEO and Director
For enquiries, please call 604- 229-9445 or toll free 1- 833-923-3334 or email [email protected].
www.X1Ent.com
The Canadian Securities Exchange has neither approved nor disapproved the information
contained herein and does not accept responsibility for the adequacy or accuracy of this news
release.