X-Terra Resources Corporation
TSX VENTURE : XT

X-Terra Resources Corporation

September 06, 2007 17:23 ET

X-Terra Resources Cancels Private Placement

VANCOUVER, BRITISH COLUMBIA—-(Marketwire – Sept. 6, 2007) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

X-Terra Resources Corporation (TSX VENTURE:XT) announces that it has cancelled, due to current market conditions, its previously-announced non-brokered private placement (see June 8, 2007 press release).

The cancellation of the private placement is not expected to have any effect on X-terra's operations.

About X-Terra Resources:

X-Terra is a mineral resources company focused on acquiring and exploring uranium properties in Canada. X-Terra has active uranium exploration projects in province of Quebec, Canada.

Forward-looking Statements

This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the ability of X-Terra to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements, including risks disclosed in filings with the Canadian securities regulators made by X-Terra. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • X-Terra Resources Corporation
    Laurent Halle
    President and CEO
    (819) 762-0609
    (819) 762-0097 (FAX)
    Email: info@terraxmanagement.com