X-Terra Resources announces start of normal course issuer bid

About this update from Olive Resource Capital Inc.

[{"type":"text","content":"\n\n\n\nROUYN-NORANDA, QC, Sept. 9 /CNW Telbec/ - X-Terra Resources Corporation\n(XT-TSXV) announces that the TSX Venture Exchange has conditionally approved\nits previously-announced normal course issuer bid. Under the normal course\nissuer bid, X-Terra will be entitled to repurchase for cancellation a maximum\nof 612,250 common shares over the twelve-month period starting on September\n15, 2008 and ending on September 14, 2009, representing approximately 5% of\nX-Terra's 12,245,069 issued and outstanding shares.\n\n\nThe normal course issuer bid has been instituted in that X-Terra\nconsiders that the repurchase of common shares at certain market prices will\nbe beneficial to X-Terra. The purchases will be made through the facilities of\nthe TSX Venture Exchange at the market price of the common shares at the time\nof purchase. X-Terra has appointed Desjardins Securities Inc. to make the\npurchases on its behalf.\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 12,245,069 shares outstanding.\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\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n%SEDAR: 00004590E\n\n\n","length":1853,"tagName":"div"}]

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