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X-TERRA ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF UNITS
X-TERRA ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF UNITS Canada NewsWire / NOT...
About this update from Comet Lithium Corp
[{"type":"text","content":"\n \n \n \n X-TERRA ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF UNITS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /\n \n NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n ROUYN-NORANDA, QC\n \n \n ,\n \n \n March 7, 2023\n \n \n /CNW/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) (\"\n \n X-Terra\n \n \" or the \"\n \n Corporation\n \n \") is pleased to announce that it has completed the closing of its previously announced non-brokered private placement (the \"\n \n Offering\n \n \") pursuant to which the Corporation issued an aggregate of 2,000,000 units (the \"\n \n Units\n \n \"), at a price of\n \n $0.75\n \n per Unit, for gross proceeds to the Corporation of\n \n $1,500,000\n \n .\n \n \n Each Unit is comprised of one common share of the Corporation (a \"\n \n Common Share\n \n \") and one (1) common share purchase warrant (a \"\n \n Warrant\n \n \") of the Corporation. Each Warrant will entitle the holder thereof to acquire one additional Common Share at a price of\n \n $1.00\n \n until\n \n March 7, 2025\n \n .\n \n \n There is an offering document (the \"\n \n Offering Document\n \n \") related to the Offering that can be accessed under the Corporation's profile at\n \n www.sedar.com\n \n and on the Corporation's website at\n \n www.xterraresources.com\n \n .\n \n \n The net proceeds from the issuance of the Units will be used for general and administrative purposes and for exploring the Corporation's mining properties located in the provinces of Québec and\n \n New Brunswick\n \n , with a focus on its lithium properties. Please see the Offering Document for details on the use of proceeds.\n \n \n The Units were issued to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106\n \n – Prospectus Exemptions\n \n or in Québec pursuant to Regulation 45–106 –\n \n Prospectus Exemptions\n \n (collectively, \"\n \n NI 4...