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