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X-Terra to secure exploration data for stake in potential acquisitions

X-Terra Resources Inc. secured an exclusive right of first refusal for Eagle Geosciences' advanced geophysical tools and 3D modeling initiatives in Quebec.

According to a June 5 news release, Eagle Geosciences will offer X-Terra information and data on any new targets it identifies in the province.

If X-Terra acquires any of the identified targets, it will issue Eagle Geosciences 250,000 bonus warrants for each property.

In addition, Eagle Geosciences will secure a 10% ownership interest in any targets acquired through map staking. The companies will negotiate the ownership of properties that are acquired by any other means.

In April, X-Terra amended a deal in order to fully acquire the early stage Veronneau gold-silver property in Quebec.