VANCOUVER, British Columbia, Sept. 14, 2017 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V:EXG)
(OTC:BXXRF) (“ExGen”) announces that the Board of Directors of ExGen, upon the recommendation of the Corporate
Governance and Compensation Committee of ExGen, have approved the issuance of 16,600,000 common shares of ExGen (the “Bonus
Shares”) to directors, officers, a former director and a consultant of ExGen (the “Recipients”) for past
services provided by the Recipients to ExGen.
The issuance of the Bonus Shares is subject to TSX Venture Exchange (“TSXV”) acceptance and the
Bonus Shares are expected to be issued on or around September 15, 2017. The Bonus Shares will be issued at a deemed price of $0.05
pursuant to TSXV policies. No new insiders will be created, nor will any change of control occur, as a result of the issuance of
the Bonus Shares. The Bonus Shares are subject to securities laws resale restrictions until on or around January 16, 2018. In
addition, the Recipients of the Bonus Shares have agreed to enter into voluntary escrow agreements which will restrict the trading
of the Bonus Shares for one year from the date of issuance (which restrictions will expire on or around September 15, 2018). ExGen
has determined that there are exemptions available from the various requirements of TSX Venture Policy 5.9 and Multilateral
Instrument 61-101 for the issuance of the Bonus Shares (Formal Valuation - Issuer Not Listed on Specified Markets; Minority
Approval - Fair Market Value Not More Than 25% of Market Capitalization).
About ExGen Resources Inc.
ExGen, formerly Boxxer Gold Corp, is a project accelerator that seeks to fund exploration and development of our
projects through joint ventures and partnership agreements. This approach significantly reduces the technical and financial risks
for ExGen, while maintaining the upside exposure to new discoveries and potential cash flow. ExGen intends to build a diverse
portfolio of projects across exploration stages and various commodity groups. ExGen currently has 6 projects in Canada and the
US.
For more information on ExGen please contact ExGen Resources Inc.
Jason Tong
Chief Financial Officer
Email: jason@catapultgroup.ca
Neither the 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.
