X-Terra Resources amends incentive Stock Option Plan
May 13 2020 - 03:44PM
PR Newswire (Canada)
ROUYN-NORANDA, QC, May 13,
2020 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT:
XTR) ("X-Terra") announces that on May 11, 2020,
the Board of Directors has approved an amendment to the 2014 Stock
Option Plan (the "Plan") to increase the maximum number of
common shares reserved for issuance under the Plan pursuant to the
exercise of option from 3,573,170 to 6,216,710. The new limit
represents approximately 9.9% of the current issued and outstanding
number of common shares of X-Terra. The amendment of the Plan is
subject to receipt of TSX Venture Exchange approval.
About X-Terra Resources Inc.
X-Terra is a resource company focused on acquiring and exploring
precious metals and energy properties in Canada.
Cautionary statement:
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.
Copyright 2020 Canada NewsWire
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