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X-Terra Resources announces extension of warrant term
ROUYN-NORANDA, QC, May 19 /CNW Telbec/ - X-Terra Resources Corporation (XT-TSXV) announces that i...
About this update from Olive Resource Capital Inc.
[{"type":"text","content":"\n\n\n\nROUYN-NORANDA, QC, May 19 /CNW Telbec/ - X-Terra Resources Corporation\n(XT-TSXV) announces that it has applied to the TSX Venture Exchange for a\none-year extension of the term of 650,000 common share purchase warrants that\nwere issued by X-Terra as part of a private placement in May 2007. Each\nwarrant currently entitles its holder to purchase one additional common share\nof X-Terra at an exercise price of $0.70 until May 28, 2009.\n\n\nSubject to the approval of the TSX Venture Exchange, the term of the\nwarrants will be extended to May 28, 2010, for a total term of three years.\nX-Terra issued a total of 1,000,000 warrants in the May 2007 private\nplacement, of which 350,000 warrants have to date been exercised.\n\n\nAbout X-Terra Resources\n\n\nX-Terra is a resource company focused on acquiring and exploring energy\nproperties in Canada. X-Terra Resources has 11,783,069 shares outstanding, a\ncash position of $4 millions and an investment of 2,000,000 shares of\nBrownstone Ventures Inc. which represents as of today $0.44 per share.\n\n\nForward-looking Statements\n\n\nThis news release contains certain forward-looking statements. These\nforward-looking statements are subject to a variety of risks and uncertainties\nbeyond the ability of X-Terra to control or predict, which could cause actual\nevents or results to differ materially from those anticipated in such\nforward-looking statements, including risks disclosed in filings with the\nCanadian securities regulators made by X-Terra. Accordingly, readers should\nnot place undue reliance on forward-looking statements.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n\n\nthat term is defined in the policies of the TSX Venture Exchange) accepts\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00004590E\n\n\n","length":1917,"tagName":"div"}]