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X-Terra Resources Increases Non-Brokered Private Placement to 1.3 Million
X-Terra Resources Increases Non-Brokered Private Placement to 1.3 Million Canada N...
About this update from Comet Lithium Corp
[{"type":"text","content":"\n\n\n\nX-Terra Resources Increases Non-Brokered Private Placement to 1.3 Million\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 12, 2017\n\n\n\nROUYN-NORANDA, QC, May 12, 2017 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) and (FRANKFURT: XTR) is pleased to announce that it will increase the size of its previously-announced non-brokered private placement. X-Terra Resources will now conduct a private for a maximum amount of $1,300,000 by issuing a maximum of 5,416,666 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. X-Terra Resources may pay finder's fees in connection with the private placement. The net proceeds from the private placement will be used for the development of X-Terra's properties and general working capital purposes. 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 18,176,123 common shares issued and outstanding.\n\nForward-Looking Statements This 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\", \"p...