Xcite Resources appointed CEO Gary Economo to its board of directors and granted him 500,000 stock options.
Vancouver, British Columbia, September 25, 2023 – XCITE RESOURCES INC. (“Xcite” or the “Company”)(CSE: XRI) is pleased to announce the appointment of Mr. Gary Economo to the board of directors of the Company, effective immediately. Mr. Economo was appointed CEO of the Company on August 1, 2023. In conjunction with Mr. Economo’s appointment, the board of directors has granted Mr. Economo 500,000 stock options at a price of $0.10 per share for a period of five years.
About Xcite Resources Inc.
Xcite Resources Inc. is a mineral exploration company focused on its Turgeon Lake Property, located in the Province of Québec. For further information, please refer to the Company’s disclosure record on SEDAR+ (www.sedarplus.ca) or contact the Company by telephone at 613-899-8521.
On Behalf of the Board of Directors
Chris Cooper
Chair
Forward-Looking Information: Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement, and the reader is cautioned not to place undue reliance on any forward-looking information.