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X-TERRA ANNOUNCES PRIVATE PLACEMENT
X-TERRA ANNOUNCES PRIVATE PLACEMENT Canada NewsWire /NOT FOR DISTRIBUTION TO ...
About this update from Comet Lithium Corp
[{"type":"text","content":"\n \n \n \n X-TERRA ANNOUNCES PRIVATE PLACEMENT\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 \n \n \n \n \n \n Canada NewsWire\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 Feb. 17, 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 is arranging a private placement of a minimum of\n \n $1.3 million\n \n and up to\n \n $1.5 million\n \n of units (the \"\n \n Units\n \n \"), at a price of\n \n $0.75\n \n per Unit; (the \"\n \n Offering\n \n \").\n \n \n Each Unit will be comprised of one common share (the \"\n \n Common Share\n \n \") in the capital of the Corporation and one (1) common share purchase warrant (the \"\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 for a period of twenty-four (24) months from the closing date (the \"Closing Date\") of the Offering.\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 . Prospective investors should read this offering document before making an investment decision.\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  Corporation  has  not  engaged  a  security dealer  in  connection  with  the  Offering, however the Corporation may pay finder's fees and issue finder warrants to any registered dealers participating in th...