Xplore Resources Announces Proposed Share Consolidation and CDN$40,000 Bridge Loan
Xplore Resources Announces Proposed Share Consolidation and CDN$40,000 Bridge Loan
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2023) - Xplore Resources Corp. (TSXV: XPLR) ("Xplore" or the "Company") announces that the Board of Directors of the Company has recommended and authorized a consolidation of the Company's outstanding common shares on the basis of two and one-half (2.5) pre-consolidation common shares for one (1) post-consolidation common share (the "Consolidation"). The Consolidation remains subject to TSX Venture Exchange approval. The effective date and further details of the Consolidation will be disclosed in a subsequent news release following receipt of all requisite approvals.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年9月18日)-Xplore Resources Corp。(TSXV：XPLR)(“Xplore“或“公司“)宣佈，本公司董事會已建議並授權將本公司已發行普通股合併，合併前普通股佔2.5股，合併後普通股佔一(1)股。整固“)。合併仍有待多倫多證券交易所創業板的批准。合併的生效日期和進一步細節將在收到所有必要批准後的後續新聞稿中披露。
The Company also announces that it has entered into a bridge loan agreement with 1077712 BC Ltd. (the "Lender") dated September 18, 2023 (the "Loan Agreement") to obtain a bridge loan in the principal amount of C$40,000 (the "Loan"). Xplore will use the proceeds of the Loan for business and commercial uses.
本公司亦宣佈已與1077712 BC Ltd.(以下簡稱“本公司”)訂立過橋貸款協定。出借人)日期：2023年9月18日(貸款協定“)獲得本金40,000加元的過渡性貸款(”貸款“)。Xplore將把貸款所得用於商業和商業用途。
The Loan will bear interest at a rate of 10% per annum, accruing daily on each amount of the Loan advanced from the date of the advance and compounding monthly. Unless accelerated pursuant to the terms of the Loan Agreement, the Loan will become due on the earlier of the day (i) that is six months from September 18, 2023, and (ii) that Xplore closes a financing of any kind or nature resulting in gross proceeds equal to or greater than CDN$1,000,000. Xplore may prepay the Loan in full, together with all accrued and unpaid interest, at any time upon five business days' written notice to the Lender.
這筆貸款將按10%的年利率計息，從墊款之日起每筆貸款按日累算，按月複利。除非根據貸款協定的條款加速，否則貸款將於當日較早時到期，即自2023年9月18日起計六個月，及(Ii)Xplore完成任何種類或性質的融資，所得款項總額等於或大於1,000,000加元。Xplore可在向貸款人發出五個工作日的書面通知後，隨時全額預付貸款以及所有應計和未付利息。
Under the terms of the Loan Agreement, the Issuer intends to issue to or as directed by the Lender 800,000 warrants (the "Warrants"), which qualify as a Loan Bonus pursuant to section 2 of Policy 5.1. Each Warrant entitles the holder to subscribe for and purchase one common share (a "Common Share") in the capital of the Issuer at a purchase price of C$0.05 per Common Share for a period of one year following the date of issuance. The price of the warrant has been calculated pursuant to the "Market Price" calculation as defined under Exchange Policy 1.1 Interpretation. Each Warrant is non-assignable and non-transferable and is subject to the applicable regulatory hold period. In the event that the Warrants are not approved by the TSX Venture Exchange on or before the day that is 45 days from the date hereof, the interest rate of the Loan shall increase and the Loan will bear an interest rate of 12% per annum calculated in the same manner stipulated in the Loan Agreement.
根據貸款協定的條款，發行人擬向貸款人或按貸款人的指示發行800,000份認股權證(“認股權證根據第5.1號保單第2節的規定，可作為貸款紅利。每份認股權證賦予持有人認購及購買一股普通股(A)的權利普通股“)在發行日後一年內，以每股普通股0.05加元的收購價持有發行人的資本。權證的價格是根據外匯政策1.1解釋中定義的“市場價格”計算得出的。每份認股權證都是不可轉讓和不可轉讓的，並受適用的監管持有期的約束。如果認股權證在自本協定之日起45天或之前沒有得到多倫多證券交易所的批准，貸款利率將增加，貸款將承擔12%的年利率，計算方式與貸款協定中規定的相同。
The Loan and issuance of the Warrants remains subject to receipt of all necessary regulatory and other approvals, including the final approval of the Exchange.
貸款和認股權證的發行仍有待收到所有必要的監管和其他批准，包括交易所的最終批准。
About Xplore Resources
關於Xplore Resources
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 exploration of grass roots lithium properties in Canada and Brazil. The Company is led by a highly experienced management team 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，專注於收購和勘探加拿大和巴西的草根鋰資產。該公司由一支經驗豐富的管理團隊領導，該團隊由在地質、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。
Lithium Properties
鋰的性質
The Company is earning a 100% interest in the Surge (~3400 ha) and Perrigo Lake (~3300 ha) lithium properties, both situated in northwestern ON, approximately 100 kms north of Sioux Lookout ON. The Surge property lies along the regional scale Pakwash-Lake St. Joseph Fault, approximately 2.0 kms east of the Root Bay lithium discovery. The Perrigo property is located west of the Allison Lake batholith considered to be "the largest fertile peraluminous granite mass in northwestern Ontario."
本公司正在賺取Surge(約3400公頃)和Perrigo Lake(約3300公頃)鋰礦的100%權益，這兩處鋰礦均位於安大略省西北部，位於秀克瞭望以北約100公里處。浪湧礦藏位於區域尺度的帕克沃什-聖約瑟夫斷層帶上，位於魯特灣鋰礦發現以東約2.0公里處。Perrigo地產位於艾利森湖基以西，該湖基被認為是“安大略省西北部最大的富饒的過鋁花崗巖”。
The Company, through its wholly owned Brazilian subsidiary, holds a 100% interest in the Energia (~4500 ha) and Borborema (~9100 ha) lithium properties in Brazil. The Energia claims are situated in the state of Minas Gerais, the center of Brazil's rapidly evolving lithium production. The Borborema claims are situated in the state of Rio Grade de Norte in northeastern Brazil, in a Borborema pegmatite field, a historically significant producer of tantalum prior to 1980.
本公司透過其巴西全資附屬公司持有巴西Energia(約4500公頃)及Borborema(約9100公頃)鋰礦的100%權益。Energia聲稱位於巴西快速發展的鋰生產中心米納斯吉拉斯州。博爾博雷馬礦藏位於巴西東北部的北里奧州，位於博博雷馬偉晶巖礦內，1980年以前，博博雷瑪偉晶巖礦是一塊具有重要歷史意義的鉭礦。
ON BEHALF OF THE BOARD
我代表董事會
Dominic Verdejo, Chief Executive Officer
多米尼克·韋爾德霍，首席執行官
For further information, please contact:
Phone: +1 647-362-9675
Email: info@xploreresources.com
如需更多資訊，請聯繫：
電話：+1 647-362-9675
電子郵件：info@xploreresources.com
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
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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