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X-Terra Resources announces a non-brokered private placement
X-Terra Resources announces a non-brokered private placement Canada NewsWire ROU...
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[{"type":"text","content":"\n\n\n\nX-Terra Resources announces a non-brokered private placement\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\nCanada NewsWire\nROUYN-NORANDA, QC, May 8, 2017\n\n\n\nROUYN-NORANDA, QC, May 8, 2017 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) and (FRANKFURT: XTR) announces that it will effect a non-brokered private placement in a maximum amount of $1,175,000 by issuing a maximum of 4.7 million units at a price of $0.24 per unit.  Each of the units will consist of one common share in the capital of X-Terra Resources and one-half of a common share purchase warrant.  Each full warrant will entitle its holder to purchase one additional common share of X-Terra Resources at an exercise price of $0.35 for a period of 24 months from the closing date of the private placement.  The closing of the private placement is expected to take place on or about May 24, 2017.\n\nThe private placement is subject to approval of the TSX Venture Exchange.\n\nAbout X-Terra Resources Inc.\n\nX-Terra Resources is a resource company focused on acquiring and exploring precious metals and energy properties in Canada. X-Terra Resources currently has 17,836,123 common shares issued and outstanding.\n\nForward-Looking Statements \n\nThis news release contains statements that may constitute \"forward-looking information\" within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of X-Terra Resources, or the assumptions underlying any of the foregoing. In this news release, words such as \"may\", \"would\", \"could\", \"will\", \"likely\", \"believe\", \"expect\", \"anticipate\", \"intend\", \"plan\", \"estimate\" and similar words and the negative form thereof are used to identify forward-looking statements.  Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be ...