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X-Terra announces results of its annual and special meeting of shareholders
ROUYN-NORANDA, QC, July 4, 2013 /CNW Telbec/ - X-Terra Resources Corporation (TSXV: XT) ...
About this update from Olive Resource Capital Inc.
[{"type":"text","content":"\n\n\nROUYN-NORANDA, QC, July 4, 2013 /CNW Telbec/ - X-Terra Resources Corporation (TSXV: XT) is pleased to announce the results of its annual and special meeting of\n shareholders held on June 27, 2013 in Rouyn-Noranda, Québec.  At the\n meeting, shareholders elected Martin Dallaire, Sylvain Champagne,\n Sébastien Plouffe, Xin Zhao, Gerry Feldman and Sheldon Inwentash as\n members of the Board of Directors of X-Terra. The shareholders also\n re-appointed PricewaterhouseCoopers LLP, Chartered Accountants, as the\n auditors of X-Terra. At the meeting, shareholders also approved a\n resolution ratifying and confirming X-Terra's amended stock option\n plan.\n\n\nX-Terra also announces that following the shareholders' meeting, the\n Board of Directors appointed Martin Dallaire as chairman of the Board\n of Directors, President and Chief Executive Officer of X-Terra and\n Sylvain Champagne as Secretary and Chief Financial Officer.\n\n\nX-Terra's Board of Directors has also granted stock options in respect\n of 525,000 common shares to X-Terra's six directors. The options were\n granted pursuant to X-Terra's amended stock option plan. The exercise\n price of the options is $0.10, which is higher than the closing price\n of X-Terra's common shares on the TSX Venture Exchange on Wednesday,\n July 3, 2013. The options expire on July 4, 2023 and vested\n immediately.\n\n\nAbout X-Terra Resources\n\n\nX-Terra is a resource company focused on acquiring and exploring energy\n properties in Canada. X-Terra Resources has 11,783,069 shares\n outstanding, a cash position of $2.4 million and an investment of\n 2,000,000 shares of Brownstone Energy Inc. which represents, in total,\n $0.21 per share.\n\n\nForward-looking Statements\n\n\nThis news release contains certain forward-looking statements. These\n forward-looking statements are subject to a variety of risks and\n uncertainties beyond the ability of X-Terra to control or predict,which\n could cause actual events or results to differ materially from those\n anticipated in such forward-looking statements, including risks\n disclosed in filings with the Canadian securities regulators made by\n X-Terra.  Accordingly, readers should not place undue reliance on\n forward-looking statements.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that ...