Business
X-Terra Resources appoints Sheldon Inwentash on its Board of Directors
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About this update from Olive Resource Capital Inc.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE UNITED STATES/\n\n\nROUYN-NORANDA, QC, March 19 /CNW Telbec/ - X-Terra Resources Corporation\n(XT-TSXV) is very pleased to announce that Mr. Sheldon Inwentash has been\nappointed to the Board of Directors of the Corporation. Mr. Inwentash holds a\nBachelor of Commerce from the University of Toronto and is also a Chartered\nAccountant. In addition to his role of Chairman and Chief Executive Officer of\nPinetree Capital Ltd, Mr. Inwentash is the Chairman and Chief Executive\nOfficer of Mega Uranium Ltd, one of the fastest growing junior mining company,\nidentifying and acquiring global uranium properties, as well as the Chairman\nand Chief Executive Officer of Brownstone Ventures Inc., an energy-focused\ninvestment company with direct interests in oil and gas properties around the\nworld.\n\n\nMartin Dallaire, the president and Chief Executive Officer of X-Terra\nstated; "Sheldon brings more than 20 years of experience in the investment\nindustry to our Board of Directors. He is a resource and commodity industry\nexpert, his personal contribution to the actual board will be greatly\nappreciated".\n\n\nThe appointment of Mr. Inwentash as a director of X-Terra Resources\nCorporation is subject to the approval of the TSX Venture Exchange.\n\n\nAbout X-Terra Resources:\n\n\nX-Terra is a resource corporation focused on acquiring and exploring\nenergy properties in Canada. X-Terra Resources has 11,903,569 shares\noutstanding, no debt and cash liquidity of $ 4.2 millions representing $0.35\nper 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 accur...