Business News • MarketWire • Pacific Road Resources Funds Announce Further Investment in Xtierra Inc. |
Pacific Road Resources Funds Announce Further Investment in Xtierra Inc. |
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Pacific Road Resources Funds Announce Further Investment in Xtierra Inc.
TORONTO, ONTARIO--(Marketwire - Jan. 20, 2011) - The Pacific Road Resources Funds ("PRRF") are pleased to announce that, further to the press release issued by Xtierra Inc. (the "Company") on December 23, 2010, PRRF has purchased 5,331,210 units issued by the Company by way of private placement for gross proceeds to the Company of $1,492,738.80. Each unit consists of one common share and one common share purchase warrant, with each whole warrant entitling the holder to purchase one common share at a price of $0.40 for a term of two years. The common shares purchased by PRRF represent approximately 5.9% of the issued and outstanding shares of the Company.
View More : http://www.marketwire.com/mw/release.do?id=1383556&sourceType=3
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