/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
ROUYN-NORANDA, QC, Sept. 3 /CNW Telbec/ - X-Terra Resources Corporation
(XT-TSXV) announces that it intends to institute a normal course issuer bid
through the facilities of the TSX Venture Exchange. Under the bid, X-Terra may
repurchase for cancellation a maximum of 612,250 common shares over a
twelve-month period, representing approximately 5% of the "public float" of
X-Terra's shares outstanding as at September 3rd, 2008. Purchases of common
shares under the bid will be made at market prices and otherwise in accordance
with the policies of the TSX Venture Exchange.
X-Terra believes that, at current market prices (and at certain times
throughout the duration of the bid), the purchase of its common shares will be
beneficial to X-Terra and contribute to enhancing shareholder value. The bid
is subject to regulatory approval, including that of the TSX Venture Exchange.
X-Terra has not purchased any of its common shares during the previous
About X-Terra Resources:
X-Terra is a resource company focused on acquiring and exploring energy
properties in Canada. X-Terra Resources has 12,245,069 shares outstanding.
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.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Martin Dallaire, President and Chief Executive
Officer, (819) 762-0609, Fax: (819) 762-0097, firstname.lastname@example.org;