X-Terra Retains Consultants FOR Investor Relation and Digital Marketing Services
X-TERRA RETAINS CONSULTANTS FOR
INVESTOR RELATION AND DIGITAL
MARKETING SERVICES
ROUYN-NORANDA, QC
,
March 20, 2023
/CNW/ - Rouyn-Noranda, Québec, March 20, 2023 – X-
Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) ("
X-Terra
" or the "
Corporation
") is
pleased to announce that, subject to regulatory approval, it has entered an investor relations
agreement with MarketSmart Communications Inc. ("
MarketSmart
") to retain its services as an
independent consultant to conduct investor relation services (the "
MarketSmart
Agreement
") and a
consulting agreement with Bantr Media Inc. ("
Bantr Media
") to retain its services as an independent
consultant to conduct social media and digital marketing services (the "
Bantr Media Agreement
").
Michael Ferreira
, President and CEO of X-Terra, commented: "It is exciting to be working with
MarketSmart once again. They are a leading Canadian IR firm and will be assisting us in
accelerating awareness of X-Terra as we begin our exciting lithium exploration at the Liberty
property, adjacent to Winsome resources lithium discovery."
Adrian Sydenham
, President and Director of MarketSmart, stated: "MarketSmart is thrilled to be
working with X-Terra as its Liberty lithium property is directly adjacent and on strike to the Winsome
Resources Adina property discovery reported earlier this year. MarketSmart feels the Liberty
property along with X-Terra's other lithium prospects offers investors a unique opportunity within the
lithium space. With funds raised in its recent financing, we are excited to see the Corporation move
forward with exploration plans on its lithium projects. We look forward to working with the X-Terra
team and communicating with existing and potential new investors."
The investor relation services will be undertaken by MarketSmart and the social media and digital
marketing services will be undertaken by Bantr Media in compliance with the applicable policies of
the TSX Venture Exchange (the "
TSX-V
") and other applicable laws. For its services, X-Terra has
agreed to pay MarketSmart a fee of
$7,500
(plus applicable taxes) per month with an initial payment
of
$7,500
(plus applicable taxes) being due upon the acceptance of the MarketSmart Agreement by
the TSX-V. In addition, MarketSmart will be granted stock options in respect of an aggregate of
75,000 common shares of the Corporation (the "
MarketSmart Options
") to be issued pursuant to
X-Terra's Omnibus Equity Incentive Plan (the "
Ominibus Plan
"). The Options will have an exercise
price of
$1.00
per share and will expire on the earlier of (i) one (1) year from the date of grant; or (ii)
ninety (90) days following the termination of the MarketSmart Agreement. The MarketSmart Options
will vest in accordance with the policies of the TSX-V.
X-Terra has also agreed to pay Bantr Media for its services a fee of
$3,000
(plus applicable taxes)
per month with an initial payment of
$3,000
(plus applicable taxes) being due upon the acceptance of
the Bantr Media Agreement by the TSX-V. In addition, Bantr Media will be granted stock options in
respect of an aggregate of 25,000 common shares of the Corporation (the "
Bantr Options
") to be
issued pursuant to the Ominibus Plan. The Bantr Options will have an exercise price of
$1.00
per
share and will expire on the earlier of (i) one (1) year from the date of grant; or (ii) ninety (90) days
following the termination of the Bantr Media Agreement. The Bantr Options will vest in accordance
with the policies of the TSX-V.
Each of the MarketSmart Agreement and the Bantr Media Agreement may be terminated at any
time by X-Terra, upon a 30 days prior written notice to the applicable party. X-Terra, MarketSmart
and Bantr Media act at arm's length. MarketSmart currently holds 66,000 common shares and
66,000 warrants of the Corporation and Bantr Media holds 20,000 common shares and 20,000
warrants of the Corporation. The fees paid by X-Terra to MarketSmart and Bantr Media respectively
are for services only.
Each of the MarketSmart Agreement and the Bantr Media Agreement are subject to regulatory
approval, including that of the TSX-V.
MarketSmart Communications Inc.
MarketSmart is a
British Columbia
-based corporate communications service firm who benefits from
a deep industry knowledge in venture capital investing and small cap investing. These past two
decades have seen MarketSmart affording investors with opportunities to partner with rising stars
and promising public companies.
Bantr Media Inc.
Bantr Media is an
Ontario
-based boutique digital agency with top-tier results that specializes in
digital marketing and creative solutions for clients during all stages of business development.
About X-Terra
X-Terra Resources is a resource company focused on acquiring and exploring lithium and precious
metals properties in
Canada
.
Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of applicable Canadian
and
United States
securities laws, which is based upon the Corporation's current internal
expectations, estimates, projections, assumptions and beliefs. The forward-looking information
included in this press release are made only as of the date of this press release. Such forward-
looking statements and forward-looking information include, but are not limited to, the approval of the
MarketSmart Agreement and the Bantr Media Agreement by the TSX-V and the if the MarketSmart
Options and the Bantr Options will be exercised. Forward-looking statements or forward-looking
information relate to future events and future performance and include statements regarding the
expectations and beliefs of management based on information currently available to the Corporation.
Such forward-looking statements and forward-looking information often, but not always, can be
identified by the use of words such as "plans", "expects", "potential", "is expected", "anticipated", "is
targeted", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or
the negatives thereof or variations of such words and phrases or statements that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements or forward-looking information are subject to a variety of risks and
uncertainties which could cause actual events or results to differ materially from those reflected in
the forward-looking statements or forward-looking information, including, without limitation, risks and
uncertainties relating to: general business and economic conditions; regulatory approval for the
Offering; completion of the Offering; changes in commodity prices; the supply and demand for,
deliveries of, and the level and volatility of the price of gold, lithium and other metals; changes in
project parameters as exploration plans continue to be refined; costs of exploration including labour
and equipment costs; risks and uncertainties related to the ability to obtain or maintain necessary
licenses, permits or surface rights; changes in credit market conditions and conditions in financial
markets generally; the ability to procure equipment and operating supplies in sufficient quantities and
on a timely basis; the availability of qualified employees and contractors; the impact of value of
Canadian dollar and U.S. dollar, foreign exchange rates on costs and financial results; market
competition; exploration results not being consistent with the Corporation's expectations; changes in
taxation rates or policies; technical difficulties in connection with mining activities; changes in
environmental regulation; environmental compliance issues; other risks of the mining industry; and
risks related to the effects of COVID-19 as well as all of the risks described under "Financial
Instruments" and "Risk and Uncertainties" in the Corporation's Annual Report for the fiscal year
ended
December 31, 2021
, a copy of which is available on SEDAR at
www.sedar.com
. Should one
or more of these risks and uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in forward-looking statements or
forward-looking information. Although the Corporation has attempted to identify important factors
that could cause actual results to differ materially, there may be other factors that could cause
results not to be as anticipated, estimated or intended. For more information on the Corporation and
the risks and challenges of its business, investors should review the Corporation's annual filings that
are available at
www.sedar.com
. The Corporation provides no assurance that forward-looking
statements or forward-looking information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements and information. Accordingly,
readers should not place undue reliance on forward-looking statements and forward-looking
information. Any forward-looking statement speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, the Corporation disclaims any intent or
obligation to update any forward-looking information, whether as a result of new information,
changing circumstances, or otherwise.
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/March2023/20/c8714.html
%SEDAR: 00035962E
For further information:
X-Terra Resources Inc., Michael Ferreira, President and Chief Executive
Officer, 147 Québec Avenue (back door), Rouyn-Noranda, Québec, J9X 6M8, E-mail:
CO: X-Terra Resources Inc.
CNW 08:00e 20-MAR-23