Xtra Energy Corp. Announces the Completion of the Change of Business
May 01 2012 - 8:00AM
Marketwired
Xtra Energy Corp. (PINKSHEETS:XTPT) announced today the completion
of the change of business into a gold mining company.
According to the current filings made by the company, Xtra
Energy acquired all outstanding shares of Anglo African Gold Corp.,
a producing mining company located in the Democratic Republic of
Congo. Xtra Energy issued a total of 110,000,000 common shares for
the acquisition and currently has 201,351,500 common shares issued
and outstanding.
The company will concentrate its effort developing the Anglo
African Gold properties, which are comprised of 61 squared
kilometers, located 40 Kilometers of the town of Lubutu in DRC. It
is the company's objective to acquire, install and operate
industrial equipment on site to produce gold in 2012. Recent
activities on the property have included surveying, sampling of
soil and semi-industrial production.
"We are very happy with the merger with Xtra Energy as we enter
into a new phase of our development," said Louis-Blaise Londole
Lokoy, President of Anglo-Afican Gold Corp. "The planned production
as well as the drilling work to be performed this year will provide
extreme value to our shareholders and stakeholders," further added
Mr. Lokoy.
The company plans to change its name and ticker symbol in the
near future to Anglo-African Gold Corp.
Additional information is available at
www.angloafricangold.com.
About Xtra Energy Corp.
Xtra Energy Corp. is a Gold Mining US registered public company
trading on the Pinksheets under the ticker symbol XTPT. Xtra Energy
Corp. wholly owns a subsidiary named Anglo African Gold Corp. and
its significant gold mining properties in the Democratic Republic
of Congo.
This news release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Act of 1934, as amended;
such statements are subject to risks and uncertainties that could
cause actual results to vary materially from those projected in the
forward-looking statements. The Company may experience significant
fluctuations in operating results due to a number of economic,
competitive and other factors. These factors could cause operations
to vary significantly from those in prior periods, and those
projected in forward-looking statements. Information with respect
to these factors, which could materially affect the Company and its
operations, are included on certain forms the Company files with
the Securities and Exchange Commission.
Contacts: Xtra Energy Corp. Investor Relations 954-366-2932
www.angloafricangold.com
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