Business
Xplore Receives Approval on Stock Option Plan
Toronto, Ontario--(Newsfile Corp. - December 23, 2022) - Xplore Resources Corp . (TSXV: XPLR) ...
About this update from Xplore Resources Corp.
[{"type":"text","content":"Xplore Receives Approval on Stock Option PlanToronto, 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 & CEOFor further information, please contact:Phone: +1 647-362-9675Email: [email protected] 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 RELEASEANY 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 PRE...