ROUYN-NORANDA, QC, Nov.
1, 2018 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("X-Terra") is pleased to announce that it
has applied to the TSX Venture Exchange for a one-year extension of
the term of 1,525,000 common share purchase warrants that were
issued by X-Terra as part of a private placement that closed on
November 16, 2016. Each warrant currently entitles its
holder to purchase one additional common share of X-Terra at an
exercise price of $0.25 and has a
current expiry date of November 16, 2018.
Subject to the approval of the TSX Venture Exchange, the term of
the warrants will be extended to November 16, 2019, for a
total term of three years. X-Terra issued a total of 1,525,000
warrants in the November 2016 private
placement, none of which have been exercised. 175,000 warrants are
held by a holding company of a director of X-Terra.
About X-Terra Resources Inc.
X-Terra Resources is a resource company focused on acquiring and
exploring precious metals and energy properties in Canada.
Neither the 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 the release.
Website: www.xterraresources.com
SOURCE X-Terra Resources Inc.