BULLETIN V2025-2496
XANDER RESOURCES INC. ("XND")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 18, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to a purchase agreement (the "Agreement") dated August 7, 2025, between Xander Resources Inc. (the "Company"), and two arm's length vendors (collectively referred to as the "Optionor"), whereby the Optionor has granted the Company an option to acquire a 100% interest in 332 mineral claims adjacent to and nearby its existing Timmins project. These claims are known as the "Timmins East Property".
Under the terms of the Agreement, to exercise the option, the Company will issue a total of 1,700,000 common shares of the Company to the Optionor and is required to incur $200,000 in exploration expenditures within two years of the exchange's acceptance of the agreement.
The shares will be issued in two payments:
850,000 shares within 15 days of the Exchange's acceptance of the Agreement.
850,000 shares on or before the first anniversary of the Agreement's acceptance by the Exchange.
Additionally, that the share issuance will not result in the Optionor owning more than 10% of the issued shares of the Company. The shares will be withheld until they can be issued without exceeding this threshold.
The Optionor will retain a 2% net smelter return (NSR) royalty on all mineral products sold from the Property.
For further information, please refer to the Company's news release dated August 13, 2025.
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