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Xtra Gold Resources Corp
Village Road Plaza, Suite 2150,, 59217
P.O Box AP
Phone: (416) 366-4227p:416 366-4227 NASSAU, 00000  Bahamas Ticker: XTGXTG
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.
Business Summary
Xtra-Gold Resources Corp. is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Company’s exploration activities include the review of existing geological data, grid establishment and soil geochemical sampling, geological mapping, geophysical surveying, trenching, and pitting to test gold-in-soil anomalies. The Company's exploration activity is focused on the Kibi Gold Project comprising approximately 33.65 square kilometers (sq kms), which is located on the Apapam Concession along the eastern flank of the Kibi Gold Belt. The Company has five concessions: Kwabeng, Pameng, Apapam, Muoso, and Banso. It holds five mining leases totaling approximately 226 sq kms (22,600 hectares) at the northern extremity of the Kibi Gold Belt. Its subsidiaries include Xtra-Gold Exploration Limited, and Xtra-Gold Mining Limited.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202412/31/2023YesYes---

Industries
SIC Code Description
1000 Metal mining
1041 Gold ores

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, President, Chief Executive Officer, Managing Director - Ghana Operations James W.Longshore 56 9/23/2015 9/1/2006
Chief Financial Officer, Vice President - Ghana Operations VictorNkansa 63 6/22/2015 12/1/2009
Vice President - Exploration Yves P.Clement 56 5/1/2006 5/1/2006
4 additional Officers and Directors records available in full report.

Business Names
Business Name
XTG
XTGR
Xtra Energy Corp.
4 additional Business Names available in full report.

General Information
Outstanding Shares: 46,056,117 (As of 9/30/2024)
Shareholders: 148
Stock Exchange: TSE
Federal Tax Id: 911956240
Fax Number: (416) 981-3055


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Wednesday, November 20, 2024