ROUYN-NORANDA, QC, Sept. 4, 2012 /CNW Telbec/ - X-Terra Resources Corporation (TSXV: XT), at the request of the Investment Industry Regulatory Organization of
Canada (IIROC), on behalf of the TSX Venture Exchange, has issued this
press release to confirm that it is not aware of any material
undisclosed development that would account for the increase in its
stock price or volume of shares traded on Friday, August 31, 2012.
X-Terra constantly evaluates opportunities to increase shareholder value
but has not recently signed any agreement with a third party. At such
time, if any, as X-Terra enters into a binding agreement, it will
disseminate a press release in accordance with applicable securities
law and the policies 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 has 11,783,069 shares issued and
outstanding, a cash position of $2.5 million and an investment of
2,000,000 shares of Brownstone Energy Inc. which represents, in total,
$0.25 per share.
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.
SOURCE: X-TERRA RESOURCES CORPORATION
For further information:
Martin Dallaire, President and Chief Executive Officer
Telephone: 819-762-0609, Fax: 819-762-0097