|By Marketwired .||
|December 15, 2013 11:23 AM EST||
TORONTO, ONTARIO -- (Marketwired) -- 12/15/13 -- Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE: XME)(OTCQX: XMTTF). Alexander Stewart, Chairman and CEO is pleased to announce that Xmet's Board of Directors has appointed Stephen Stewart as President of Xmet. Stephen will also joined the Board of Directors which now consists of seven members.
Stephen has nearly 15 years of experience in the resource and finance industries where he has evaluated and successfully raised capital for precious metals and bulk resource projects. His focus has been on the acquisition, exploration and development of resource assets and has served as a senior officer with TSX Venture companies. In the past he has held roles with RTO Capital and the Ontario Municipal Employee Retirement System (OMERS) where he focused on acquisitions and strategic planning. Stephen is also an active member of the Prospectors and Developers Association of Canada's Securities Committee. Stephen holds a Bachelor of Arts from the Western University, a Master of Business Administration from the University of Toronto Rotman School Of Management and a Master of Science from the University of Florida.
Xmet also announces grants of incentive stock options to directors and officers of Xmet. Stock options to purchase an aggregate of 2,000,000 common shares have been granted pursuant to the Xmet's Stock Option Plan (the "Option Plan"). The options are priced at $0.15 per share and expire five years from the date of issue, and are subject to the terms and conditions of the Option Plan, and the policies of the TSX Venture Exchange.
Neither 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.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Xmet assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Xmet. Additional information identifying risks and uncertainties is contained in filings by Xmet with Canadian securities regulators, which filings are available under Xmet's profile at www.sedar.com.