ROUYN-NORANDA, QC, June
27, 2019 /CNW Telbec/ - X-Terra Resources Inc. (TSXV:
XTT) (FRANKFURT: XTR) is pleased to announce the results of its
annual meeting of shareholders held on May
30, 2019 in Rouyn-Noranda,
Québec. At the meeting, shareholders elected Michael Ferreira, Sylvain Champagne, Jean-François Madore,
Sébastien Bellefleur, Michael Byron
and Kim Oishi as members of the
Board of Directors of X-Terra. The shareholders
also re-appointed PricewaterhouseCoopers LLP, Chartered
Professional Accountants, as the auditors of X‑Terra.
X-Terra also announces that following the shareholders' meeting,
the Board of Directors appointed Michael
Ferreira as chairman of the Board of Directors, President
and Chief Executive Officer of X-Terra and Sylvain Champagne as Secretary and Chief
Financial Officer.
X-Terra also announces that its Board of Directors has today
granted, subject to regulatory approval, including that of the TSX
Venture Exchange, stock options in respect of 1,625,000 common
shares to X-Terra's six directors and three consultants. The
options were granted pursuant to X-Terra's stock option plan. The
exercise price of the options is $0.10, which is higher to the closing price of
X-Terra's common shares on the TSX Venture Exchange on Wednesday,
June 26, 2019. The options expire on June 27, 2029 and vested immediately.
About X-Terra Resources Inc.
X-Terra Resources is a resource company focused on acquiring and
exploring precious metals and energy properties in Canada.
Neither the 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 the release.
SOURCE X-Terra Resources Inc.