Xander issues 850,000 shares under Timmins East option

Executive Summary

• Xander Resources Inc. announced the acquisition of the Timmins East Portfolio, issuing 850,000 common shares to vendors under a property option agreement.
• The agreement grants Xander the right to purchase a 100 % undivided interest in 332 mineral claims adjacent to its existing Timmins project.
• Upon exercise, Xander may issue an additional 1.7 million shares to complete the acquisition; all issued shares are subject to a four‑month hold period under Canadian securities laws.

Key Details

• Shares Issued Initially: 850,000 common shares transferred to vendors as consideration for the option agreement.
• Option Exercise Terms: Xander may acquire full ownership by issuing a total of 1.7 million common shares to the vendors.
• Hold Period: All shares issued in connection with this transaction are subject to a four‑month hold period per Canadian securities regulations and exchange requirements.
• Property Description: 332 mineral claims covering an undivided 100 % interest, located adjacent to Xander’s existing Timmins project in Ontario, Canada.
• Strategic Rationale: Expands Xander’s land package in a known critical‑metal district, providing additional exploration upside and potential future development.

Notable Quotes

(No direct quotes were provided in the release.)