Vancouver, BC – Oct 26th, 2021 – XRApplied Technologies Inc. (“XRA” or, the “Company”) (CSE: XRA)
The Company announces that Jean Vignon has resigned as a director of the Company for personal reasons, effective October 18th, 2021. The Company would like to thank Mr. Vignon for his service, and to wish him the best in all his future endeavors.
The Company advises that it has set 2 million incentive stock options. The options are exercisable at a price of $0.25 for a period of two years, in accordance with the Company’s stock option plan.
The Company further announces that it is extending the term of 3 million warrants that currently expire on Dec 2, 2021. The expiry date will be extended until June 30, 2022. All other provisions will remain the same, including that the exercise price will remain as originally set at $0.30.
About XRApplied Technologies Inc. (XRA)
XRA is an immersive technology solutions provider that specializes in bringing cost-efficient AR/VR e-commerce applications to businesses large and small. We accomplish this through a suite of proprietary products and services (AR catalog, toy gamification, AR App e-commerce, AR/VR interactive games) that we bring to the masses via our exclusive XRA Marketing Platform.
Further information about XRApplied is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company’s website, www.xrapplied.com
For Further information about the Company, please contact:
Spyrock Consulting Inc.
Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or accept responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company’s Management’s Discussion and Analysis under the Company’s profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any time.