Xtra-Gold Announces Warrant Expiry Extension
Xtra-Gold Announces Warrant Expiry Extension
Toronto, Ontario--(Newsfile Corp. - August 14, 2018) -
Xtra-Gold Resources Corp.
(TSX: XTG) (OTCQB: XTGRF)
("Xtra-
Gold" or the
"Company")
announces that it has applied to the Toronto Stock Exchange (the "Exchange") to extend the expiry
date of 1,250,000 common share purchase warrants (the "2016 Warrants") by eighteen (18) months to February 25, 2020. The
2016 Warrants are currently due to expire on August 25, 2018.
The 2016 Warrants were originally issued pursuant to a non-brokered private placement closed on May 25, 2016. Each 2016
Warrant entitles the holder to acquire one common share in the capital of the Company at an exercise price of $0.50 per
common share until August 25, 2018. None of the 2016 Warrants issued under the private placement have been exercised to
date, and none of these warrants are held, directly or indirectly, by any insiders of the Company.
The amendments to the 2016 Warrants are subject to approval of the Exchange. The effective date of the amendment will be on
or after August 28, 2018.
About
X
t
r
a-Gold
R
e
sources
Corp.
Xtra-Gold is a gold exploration company with a significant land position in the Kibi greenstone belt ("Kibi Gold Belt") located in
Ghana, West Africa.
Our main assets comprise of 5 mining leases totaling 55,905 acres.
Forwa
r
d
-
Looking
Statem
e
n
ts
The TSX does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the information contained herein.
This news release includes certain
"forward-looking statements".
These statements are based on information currently available to the Company and the Company
provides no assurance that actual results will meet management's expectations.
Forward- looking statements include estimates
and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as
"believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan".
Since forward-looking statements are
based on assumptions and address future events and conditions, by their very nature they involve inherent risks and
uncertainties.
Actual results relating to, among other things, results of exploration, project development, reclamation and capital
costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from
those currently anticipated in such statements for many reasons such as: changes in general economic conditions and
conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments; technological and operational
difficulties
encountered
in
connection
with
the
activities
of
the Company; and other matters discussed in this news release.
This list is not exhaustive of the factors that
may affect any of the Company's forward-looking statements.
These and other factors should be considered carefully and
readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to
update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in
accordance with applicable securities laws.
Co
n
tact
I
nform
a
tion
For further information please contact:
James Longshore
Chief Executive Officer
Tel.: 416-628-2881
E-mail:
Website:
www.xtragold.com
NOT FOR
DISSEMI
N
ATION IN
THE
UNIT
E
D STATES
OF
AMER
I
CA OR THROUGH
U
.
S. NEWSWIRE
SER
V
ICES