FAQ
General | Common Shares | Dividend | Tax | Operational
General FAQ
Where is the Company incorporated?
XnE, Inc. is incorporated under the laws of State of Nevada since March 24, 1998, and is currently headquartered in Northridge, California.
Where can I find actions/amendments associated with the Company?
Please visit Nevada Secretary of State website by following this link.
What is the Company’s strategy going forward?
The Company is committed to growing its potential production rate by implementing an acquisition strategy that is based on a positive outlook in the precious metal sector and finding opportunistic deals with property owners to deliver consistent returns to its shareholders.
We plan to reduce our operational and financial risk by:
- acquiring precious metals properties in proven areas
- enhancing production growth
- providing pure upside to increases in the price of silver with 100% unhedged production
- limiting fixed operating costs
- managing on going capital expenditures beyond initial upfront payment to the property owners
Common Shares FAQ
What are the risk factors associated in buying/holding Company’s common stock?
Commodity prices and production levels are the main factors that affect our funds from operations and therefore the amount of cash available to execute our growth and expansion plans. Other factors such as global energy production and policy, political conditions, currency fluctuations and weather conditions also impact our business. For a more detailed description of these risks, see the section of our SEC filings entitled “Risk Factors”. Click here to access our SEC filings.
How can I purchase common stock of the Company?
You must contact your broker or other financial intermediary in order to purchase our common shares, which are traded over-the-counter under the symbol XNEZ.
What is the Company Dividend Policy?
For the foreseeable future, we anticipate that we will use any funds available to finance the growth of the Company and that we will not pay cash dividends to stockholders.
Tax FAQ
What are the tax implications of owning the Company’s common stock?
Holders or potential holders of common shares should consult their own legal or tax advisors as to their particular tax consequences of holding common shares.
Operational FAQ
What is Company’s production mix?
To be updated as we build significant production rate going forward.
What is Company’s life of its reserves?
The Company shall disclose an estimated reserve life index in years for proven plus probable reserves once we acquire and develop precious metal properties and commence our production.
Who will evaluate Company’s reserves and contingent resources?
The Company intends to engage an independent reserves evaluator for all of our properties to ensure proper corporate governance practices that meet current regulatory requirements.
