Another CR.....Xstate Resources (XST) has begun February in a...

Another CR.....

• Xstate Resources (XST) has begun February in a trading halt in regard to an upcoming capital raising
• The company will remain in the halt until the earlier of February 3 or when an announcement is made
• On January 28, Xstate revealed it intends to acquire a 10 per cent working interest in additional oil and gas fields in Alberta, Canada
• The 10 per cent will be acquired via $255,000 in cash and $70,000 worth of shares
• A refundable deposit of $51,000 has already been paid and the purchase is expected to be completed by March 10
• Shares in Xstate last traded at 1 cent on January 29