CNW Group4 months ago
TORONTO , March 12, 2019 /CNW/ - Xtierra Inc. ("XAG"- TSXV) ("Xtierra" or the "Company") announces that it intends to raise up to $1,000,000 by way of a non-brokered private placement (the "Offering") of common shares. On March 11, 2019 , the Company filed a price reservation form with the TSX Venture Exchange (the "TSXV") to price protect the placement of up to 20,000,000 common shares at a price of $0.05 . Proceeds will be used for general corporate purposes, maintaining the existing projects and the pursuit of cash flowing royalty opportunities. The Offering is being made pursuant to certain Canadian prospectus exemptions, including the "existing securityholder" exemption and "purchasers advised by investment dealers" exemption, where applicable. Both the "existing securityholder" and "purchasers advised by investment dealers" exemptions are collectively referred to as the "Existing Secuityholder and Retail Investor Exemptions".