X-Terra Resources announces final closing of private placement for an additional $400,000
In connection with the private placement, X-Terra Resources paid cash commissions to two securities dealers in an aggregate amount of $24,000. As a result of the second and final closing of the private placement, there are 58,795,053 common shares of X-Terra Resources issued and outstanding. Under applicable securities legislation, the common shares issued in the private placement are subject to a four-month hold period, expiring on May 1, 2020.
About X-Terra Resources Inc.
X-Terra Resources is a resource company focused on acquiring and exploring precious metals and energy properties in Canada. Website: http://www.xterraresources.com/
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SOURCE X-Terra Resources Inc.
X-Terra Resources Inc., Michael Ferreira, President and Chief Executive Officer, 139 Québec Avenue, Suite 202, Rouyn-Noranda, Québec, J9X 6M8, Telephone: 819-762-4101, Fax: 819-762-0097, E-mail: firstname.lastname@example.org