X-Terra Resources Engages MarketSmart Communication Inc. for Investor Relations
X-Terra Resources Engages MarketSmart
Communication Inc. for Investor Relations
ROUYN-NORANDA, QC
,
July 27, 2020
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to announce that it has entered into a consulting
agreement ("IR Agreement") with MarketSmart Communications Inc. ("MarketSmart") pursuant to
which MarketSmart will provide investor relations services to X-Terra. The IR Agreement is for an
initial term of six months commencing on
July 27, 2020
with an option for renewal. Either party may
terminate the agreement for any reason, with or without cause, on one month's written notice to the
other.
MarketSmart was established in 2002 and President,
Maria Da Silva
, has worked with many TSX
Venture Exchange companies to assist in helping companies with their corporate profile within the
investment community.
"As an industry leader and commitment to value and outstanding service, we are delighted to be
partnering with MarketSmart to increase awareness about X-Terra and its flagship projects. Their
success can be highlighted by many companies they have worked with in the past and currently with
SONA Nanotech Inc." stated
Michael Ferreira
, President and Chief Executive Officer of X-Terra.
Pursuant to the IR Agreement, MarketSmart will be paid
$8,500
per month plus applicable taxes and
will be granted an incentive stock option to purchase 300,000 common shares of X-Terra (the
"Option") at a price of
$0.15
per share for a term of two years in accordance with the X-Terra's
Stock Option Plan, but subject to cancellation of the Option held by MarketSmart 30 days after
termination of the agreement. The Option will vest over 12 months. MarketSmart and its principals
will act at arm's length to X-Terra and currently have no direct or indirect interest in the securities of
X-Terra, or any right or intent to acquire such an interest, with the exception of the above
options. The IR Agreement and grant of the Options are subject to the approval of the TSX Venture
Exchange.
About X-Terra Resources Inc.
X-Terra is a resource company focused on acquiring and exploring precious metals properties 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.
Website:
www.xterraresources.com
SOURCE
X-Terra Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/July2020/27/c5494.html
%SEDAR: 00035962E
For further information:
X-Terra Resources Inc., Michael Ferreira, President and Chief Executive
Officer, 147 Québec Avenue, Rouyn-Noranda, Québec, J9X 6M8, Telephone: 819-762-4101, Fax:
819-762-0097, E-mail: [email protected]
CO: X-Terra Resources Inc.
CNW 08:00e 27-JUL-20