/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
VANCOUVER, June 9 /CNW Telbec/ - X-Terra Resources Corporation (XT-TSXV)
is pleased to announce that it has agreed to increase the size of its private
placement through PowerOne Capital Markets Ltd. (see News Release dated
June 09, 2008) to up to a maximum of 5,000,000 units (the "Units) at a price
of $1.90 per Unit for maximum gross proceeds of up to $9.5 million.
All of the other terms of the proposed financing described in the June 9,
2008 news release remain the same. Completion of the financing remains subject
to TSX Venture Exchange approval.
About X-Terra Resources:
X-Terra is a resource company focused on acquiring and exploring energy
properties in Canada. X-Terra Resources has 6,776,671 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.
This news release does not constitute an offer of the securities
described herein. These securities have not been registered under the United
States Securities Act of 1933, as amended, or any state securities laws, and
may not be offered or sold in the United States or to U.S. persons unless
registered or exempt therefrom.
For further information:
For further information: Laurent Hallé, President and CEO, (819)
762-0609, Fax: (819) 762-0097, email@example.com,