Xplore Modifies Option Terms With Abitibi Royalties on the Upper Red Lake Project
Xplore Modifies Option Terms With Abitibi Royalties on the Upper Red Lake Project
Toronto, Ontario--(Newsfile Corp. - October 4, 2022) - Xplore Resources Corp. (TSXV: XPLR) ("Xplore or "the Company") announces that Abitibi Royalties Inc. ("Abitibi") has agreed to extend the anniversary date of the option agreement announced March 3, 2021, as modified on February 11, 2022, wherein Xplore is earning the right to earn a 100% interest in the Upper Red Lake Project (the "Upper Red Lake"), a 1,750 Ha gold project located in the Red Lake Mining division, Ontario.
安大略省多倫多-(Newsfile Corp.-2022年10月4日)-Xplore Resources Corp. (TSXV：XPLR) (“Xplore 或者“The Company”)宣佈Abitibi Royalties Inc.(《阿比提比》)已同意延長2021年3月3日宣佈的期權協議的週年日期,根據2022年2月11日的修改，其中Xplore將獲得上紅湖項目100%的權益(紅湖上游)，位於安大略省紅湖礦業部的1,750哈金礦項目。
In consideration for the issuance of an additional 250,000 common shares (the "Consideration Shares"), the pending first anniversary payment of $125,000 payable in common shares of the Company based on the then 14-day VWAP price of the Company's shares as reported by the TSX Venture Exchange, (the "TSX.V") will be extended to February 04, 2023. The issuance of these shares is subject to the approval of the TSX.V.
考慮額外發行250,000股普通股(“對價股份”)，根據多倫多證券交易所創業板報告的公司股票當時的14天VWAP價格，待支付的一週年應付普通股125,000美元，(《TSX.V》)將延長至2023年2月4日。這些股份的發行還需獲得多倫多證券交易所的批准。
Wes Hanson, President, and CEO of Xplore notes: "We are very pleased to announce the extension to the Upper Red Lake property option agreement with Abitibi. Our exploration work to date indicates highly anomalous gold in till results at the C1 target, a prospective 2.0-kilometre, E-W trend in the central portion of the Upper Red Lake claims that lie on strike from the recently announced, highly anomalous, surface gold results reported at Prosper Gold Corporation's Skinner North prospect, immediately east and adjacent to the Upper Red Lake claims. We are currently planning follow up surface exploration at Upper Red Lake in the spring of 2023 to systematically map and sample the C1 trend."
Xplore首席執行官Wes Hanson、總裁表示：“我們非常高興地宣佈與Abitibi延長上紅湖地產期權協議。到目前為止，我們的勘探工作顯示，在C1目標區的勘探結果中出現了高度異常的金礦，這是位於上紅湖主張的中部的一個預期的2.0公里長的東西向趨勢，位於Prosper Gold Corporation的Skinner North勘探報告的最近宣佈的高度異常的地表金礦結果的打擊下，該勘探結果緊鄰上紅湖主張的東部。我們目前正計劃於2023年春季在上紅湖進行後續地表探測，系統繪製和採樣C1趨勢圖。
About Xplore Resources (TSXV: XPLR)
關於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 exploration 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.
Xplore Resources是一家總部位於多倫多的礦業勘探公司，在多倫多證券交易所創業板上市，代碼為XPLR，專注於收購和開發美洲的勘探項目。該公司由一支經驗豐富的管理團隊領導，由在地質、銀行、私募股權、投資者關係和法律方面具有行政和高級管理經驗的行業專家組成。
Qualified Persons
合格人員
Mr. Wes Hanson, P. Geo., President & CEO of Xplore and registered in the Provinces of Ontario is the "Qualified Person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and is responsible for the technical contents of this news release and has approved the disclosure of the technical information contained herein.
在安大略省註冊的Xplore首席執行官Wes Hanson，P.Geo，總裁先生是國家標準43-101《礦產項目信息披露標準》(“NI 43-101”)並對本新聞稿的技術內容負責，並已批准披露本新聞稿中包含的技術信息。
ON BEHALF OF THE BOARD
我代表董事會
"Wesley C. Hanson"
President & CEO
《韋斯利·C·漢森》
總裁兼首席執行官
For further information, please contact:
如需更多信息，請聯繫：
Phone: +1 647-362-9675
Email: info@xploreresources.com
電話：+1 647-362-9675
電子郵件：info@xploreresources.com
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多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任
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此處提及的任何證券不得根據修訂後的1933年《美國證券法》(下稱《1933年證券法》)進行登記，也不得在美國境內或在沒有此類登記或豁免1933年《證券法》登記要求的情況下向美國人發售或出售。
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.
多倫多證券交易所風險交易所公司。沒有以任何方式傳遞擬議交易的優點，也沒有批准或反對本新聞稿的內容。
Notice on forward-looking statements:
關於前瞻性陳述的通知：
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.
本新聞稿中的信息包含前瞻性陳述。這些陳述反映了管理層目前的估計、信念、意圖和期望；它們不是對未來業績的保證。Xplore告誡説，所有前瞻性陳述本質上都是不確定的，實際表現可能會受到許多重大因素的影響，其中許多因素不是Xplore所能控制的。這些因素除其他外包括：與Xplore完成擬議交易的能力有關的風險和不確定因素；以及其他風險和不確定因素，包括Xplore將於SEDAR.com。因此，實際和未來的事件、條件和結果可能與前瞻性信息中明示或暗示的估計、信念、意圖和預期大不相同。除非適用的證券法規要求，否則Xplore不承擔公開更新或修改前瞻性信息的義務。
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