ROUYN-NORANDA, QC, May 19, 2023
/CNW/ - X-Terra Resources Inc. ("X-Terra") (TSXV: XTT)
is pleased to announce that at its annual and special meeting of
shareholders held earlier today (the "Meeting"),
X-Terra's shareholders elected Michael F.
Ferreira, Sylvain Champagne,
Jean-François Madore, Sébastien Bellefleur and Jordan William Potts as directors of X-Terra.
Following the Meeting, X-Terra's Board of Directors re-appointed
Michael F. Ferreira as President and
Chief Executive Officer of X-Terra and appointed Sylvain Champagne as Chief Financial Officer and
Secretary of X-Terra.
At the Meeting, X-Terra's shareholders also approved resolutions
(i) appointing Raymond Chabot Grant Thornton LLP, Chartered
Professional Accountants, as the auditor of X-Terra, (ii)
authorizing, ratifying, approving and confirming the current
omnibus equity compensation plan of X-Terra, the whole as more
fully-described in X-Terra's management information circular dated
April 20, 2023 prepared in connection
with the Meeting; (iii) authorizing an amendment to the
Articles of X-Terra so as to change its corporate name from X-Terra
Resources Inc. to "Comet Lithium Corp. / Corp. Comète Lithium" or
such other name as may be selected by the Board of Directors of
X-Terra in its discretion (the "Change of Name"). X-Terra
will announce the effective date of the Change of Name in a
subsequent press release.
About X-Terra
X-Terra is an exploration stage company in the business of
acquiring, exploring and developing lithium and precious metals
properties in Canada. It has
interests in mining properties located in the provinces of
New Brunswick and Québec 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.
