Xplore Receives Approval on Stock Option Plan
Xplore Receives Approval on Stock Option
Plan
Toronto, Ontario--(Newsfile Corp. - December 23, 2022) -
Xplore Resources Corp
.
(TSXV: XPLR)
(
"Xplore"
or the
"Company"
), announces receipt of approval from the TSX Venture Exchange for its
new stock option plan (the "Plan"), implemented on August 8, 2022 by the board of directors and
approved by shareholders at the Company's last annual general and special meeting of shareholders
(the "Meeting") held November 29, 2022.
The maximum number of common shares which may be issued under the Plan and which may be
reserved for issuance is 10% of the Company's issued and outstanding share capital at the date of
grant. The Plan has a "rolling" limit, as the number of shares reserved for issuance pursuant to the grant
of stock options will automatically increase as the Company's issued and outstanding share capital
increases.
The Plan is subject to annual approval of shareholders, and a copy may be found appended
to the Company's information circular pertaining to the Meeting, which is available under the Company's
profile on SEDAR.
About Xplore Resources (TSXV: XPLR)
Xplore Resources is a Toronto based mining exploration company listed on the TSX Venture Exchange
under symbol XPLR and is focused on the acquisition and development of copper and gold projects in
the Americas. The Company is led by a highly experienced management team and is comprised of
industry experts with executive and senior management experience in geology, banking, private equity,
investor relations and law.
ON BEHALF OF THE BOARD
"Wesley C. Hanson"
President & CEO
For further information, please contact:
Phone: +1 647-362-9675
Email:
NEITHER THE 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
ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
1933 ACT.
THE TSX VENTURE EXCHANGE INC. HAS IN NO WAY PASSED UPON THE MERITS OF THE
PROPOSED TRANSACTION AND HAS NEITHER APPROVED NOR DISAPPROVED THE
CONTENTS OF THIS PRESS RELEASE.
Notice on forward-looking statements:
Information set forth in this news release contains forward-looking statements. These statements
reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees
of future performance. Xplore cautions that all forward-looking statements are inherently uncertain,
and that actual performance may be affected by a number of material factors, many of which are
beyond Xplore's control. Such factors include, among other things: risks and uncertainties relating to
Xplore's ability to complete the proposed Transaction; and other risks and uncertainties, including
those to be described in the Filing Statement to be filed by Xplore on
SEDAR.com
. Accordingly,
actual, and future events, conditions and results may differ materially from the estimates, beliefs,
intentions, and expectations expressed or implied in the forward-looking information. Except as
required under applicable securities legislation, Xplore undertakes no obligation to publicly update or
revise forward-looking information.
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