X-Terra Resources Inc. is pleased to announce that it has held a first closing of a non-brokered private placement at which it issued 6,451,613 units at a price of $0.155 per unit, for aggregate gross proceeds to X-Terra of $1,000,000. Each of the 6,451,613 units is comprised of one federal "flow-through" common share and one-half of a common share
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