10:06:48 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Explor Resources Inc (2)
Symbol EXS
Shares Issued 153,086,676
Close 2017-11-20 C$ 0.06
Market Cap C$ 9,185,201
Recent Sedar Documents

Explor cancels Steinberg-Valentine arrangement

2017-11-20 17:40 ET - News Release

Mr. Christian Dupont reports

PROMOTIONAL ACTIVITIES

OTC Markets Group Inc. informed Explor Resources Inc. on Nov. 13, 2017, of certain promotional activities concerning Explor and its common stock traded on the OTCQB Marketplace.

Two weeks ago, Explor engaged the Steinberg-Valentine Group to redistribute press releases and information contained in press releases issued by the corporation to its database. Explor paid $7,500. The corporation does not have editorial control over the dissemination (other than to correct facts and ensure facts reported track press release information). The corporation is unaware of any false or misleading factual information provided. The Steinberg-Valentine Group was not incentivized on the basis of price or volume. Upon receipt of the OTCQB notice, the corporation has terminated the arrangement. The corporation has not engaged or authorized any person to provide market-making services, investor relations services, public relations services or other related services from Nov. 1, 2016. The services of the Steinberg-Valentine Group has not had any significant effect on the price or the volume of the shares of the corporation on any market where the shares are traded. No other regulatory authority has contacted the corporation to explain unusual trading activity since the engagement of the Steinberg-Valentine Group.

Other than as disclosed above, upon inquiry of its officers, directors and its controlling shareholders (that is, shareholders owning 10 per cent or more of the corporation's securities), and to the corporation's knowledge, none of its officers, directors or controlling shareholders have, directly or indirectly, authorized or been involved in any way (including payment to a third party) with the creation or distribution of promotional materials of any kind with respect to the corporation or its securities. Explor, its officers, directors and, to the corporation's knowledge, its controlling shareholders (shareholders owning 10 per cent or more of the corporation's securities) do not own any part of the Steinberg-Valentine Group. Except as disclosed below, upon inquiry of its officers, directors and its controlling shareholders, none of the officers, directors and, to the corporation's knowledge, its controlling shareholders have purchased or sold common shares of the corporation on any stock exchange or electronic trading floor for the past 90 days. Chris Dupont has purchased shares from treasury as part of a non-brokered private placement, and the purchase was recorded on SEDI, the Canadian insider trading registry. Mr. Dupont purchased 58,000 common shares on Sept. 29, 2017. To the best knowledge of the corporation, its directors, officers and its controlling shareholders (holding more than 10 per cent of the shares) are in compliance with the insider trading requirement imposed by Canadian securities laws. The corporation has not issued shares or convertible debentures or instruments allowing conversion to equity securities at prices constituting a discount to current market rate at the time of issuance. Certain officers and directors received stock options on Aug. 21, 2017, under the corporation's stock option plan filed with the TSX Venture Exchange.

About Explor Resources Inc.

Explor Resources is a Canadian-based natural resource company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi greenstone belt. The belt is found in both provinces of Ontario and Quebec with approximately 33 per cent in Ontario and 67 per cent in Quebec. The belt has produced in excess of 180 million ounces of gold and 450 million tonnes of copper-zinc ore over the last 100 years.

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