ROUYN-NORANDA, QC, May 15, 2012 /CNW Telbec/ - X-Terra Resources Corporation (TSXV: XT) announces that Gerry Feldman has joined its Board of Directors to replace Richard Patricio who has resigned effective today to focus on other corporate responsibilities. Mr. Feldman was also appointed to the Audit Committee of X-Terra.
The Board of Directors of X-Terra would like to thank Mr. Patricio for his valuable contributions in serving as a director of X-Terra, and wishes him well in his future endeavours.
Gerry Feldman is a Chartered Accountant and currently Vice President, Corporate Development and Chief Financial Officer of Pinetree Capital Ltd. (TSX: PNP). Mr. Feldman has 30 years of merger and acquisition activities, corporate finance and financial experience. Prior to joining Pinetree, Mr. Feldman was a senior Partner in a number of accounting firms where he provided services to clients, specializing in audits and corporate finance activities for public companies, and brokerage and mutual fund dealers. In addition to his accounting and finance experience, he holds senior officer and director positions in several mining companies that are listed on both the Toronto Stock Exchange and the TSX Venture Exchanges.
The appointment of Mr. Feldman as a director of X-Terra is subject to regulatory approval, including that 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 $2.7 million and an investment of 2,000,000 shares of Brownstone Ventures Inc. which represents, in total, $0.27 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.
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