Xtierra Inc closes second tranche of private placement

Xtierra Inc. (TSX VENTURE:XAG) reported that the company has closed the second tranche of a previously announced (January 19, 2010) non brokered private placement for additional gross proceeds of $500,000 consisting of 2,500,000 units at $0.20 per Unit.

The press release is quoted as saying:

Xtierra Inc. is a Toronto based exploration and development company listed on the TSX Venture Exchange. Xtierra’s shares trade under the symbol “XAG”. Xtierra has 69,637,003 shares issued and outstanding. Xtierra is conducting a feasibility study on its 100% owned Bilbao silver?zinc?copper project in Zacatecas, Mexico

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