/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMATION
IN THE UNITED STATES/
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". Existing shareholders of the Company who wish
to subscribe for common shares pursuant to the Offering, who held
common shares of the Company as of March 8,
2019 and who continue to hold common shares of the Company,
and who are permitted to subscribe under the "existing
securityholder" exemption should contact the Company pursuant to
the contact information set forth below in order to participate in
the Offering.
The Offering is expected to close on or about April 5, 2019 (the "Closing Date") but may close
earlier or later. Closing of the Offering is also subject to TSX
Venture final acceptance.
All securities issued in connection with the Offering will be
subject to a four month hold period from the date of issuance of
such securities. The Company confirms that there is no material
fact or material change related to the Company which has not been
generally disclosed.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
About Xtierra Inc.
Xtierra is a natural resource company with the primary business
objective of exploring for and developing precious and base metal
deposits on its mineral properties located in the Central Silver
Belt of Mexico in the State of Zacatecas.
SOURCE Xtierra Inc.