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ROUYN-NORANDA, QC, March 19 /CNW Telbec/ - X-Terra Resources Corporation (XT-TSXV) is very pleased to announce that Mr. Sheldon Inwentash has been appointed to the Board of Directors of the Corporation. Mr. Inwentash holds a Bachelor of Commerce from the University of Toronto and is also a Chartered Accountant. In addition to his role of Chairman and Chief Executive Officer of Pinetree Capital Ltd, Mr. Inwentash is the Chairman and Chief Executive Officer of Mega Uranium Ltd, one of the fastest growing junior mining company, identifying and acquiring global uranium properties, as well as the Chairman and Chief Executive Officer of Brownstone Ventures Inc., an energy-focused investment company with direct interests in oil and gas properties around the world.
Martin Dallaire, the president and Chief Executive Officer of X-Terra stated; "Sheldon brings more than 20 years of experience in the investment industry to our Board of Directors. He is a resource and commodity industry expert, his personal contribution to the actual board will be greatly appreciated".
The appointment of Mr. Inwentash as a director of X-Terra Resources Corporation is subject to the approval of the TSX Venture Exchange.
About X-Terra Resources:
X-Terra is a resource corporation focused on acquiring and exploring energy properties in Canada. X-Terra Resources has 11,903,569 shares outstanding, no debt and cash liquidity of $ 4.2 millions representing $0.35 per share.
Forward-looking Statements
This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the ability of X-Terra to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements, including risks disclosed in filings with the Canadian securities regulators made by X-Terra. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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