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AE.B Anterra Energy CL B

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Share Name Share Symbol Market Type
Anterra Energy CL B TSXV:AE.B TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Anterra Announces Third Closing of Private Placement

27/10/2008 10:55pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

Anterra Energy Inc. (TSX VENTURE:AE.A) (TSX VENTURE:AE.B) ("Anterra" or the
"Company") is pleased to announce that the Company has closed the third tranche
of its previously announced $2 million flow-through financing (the "Offering").


Through the Offering, an aggregate of 5,532,358 Class A shares were issued on a
flow-through basis at $0.30 per share for gross proceeds of $1,659,707.40. The
366,333 Class A shares issued today are subject to a hold period under
applicable securities laws of four months, expiring on February 28, 2009.
Proceeds will be used to incur Canadian Exploration Expenses, which will be
renounced in favour of the subscribers for the 2008 taxation year.


About Anterra Energy

Anterra Energy is an independent exploration, development and production company
with an emerging focus on the use of advanced technologies including 3-D
imaging, horizontal drilling and multi-stage completions to systematically
develop its portfolio of resource projects. Complementing this strong resource
exploitation focus, the Company owns and operates fee-based midstream facilities
in western Canada. Anterra is a public Canadian company listed on the TSX
Venture Exchange under the symbols AE.A and AE.B. More information about Anterra
is available on the internet at www.anterraenergy.com.


This news release contains forward-looking information related to the planned
drilling program, production and operating costs. These statements are based on
current expectations that involve a number of risks and uncertainties that could
cause actual results to differ from those anticipated. These risks include, but
are not limited to, risks associated with the oil and gas industry (e.g.
operational risks in development, exploration and production; delays or changes
in plans with respect to exploration or development projects or capital
expenditures; the uncertainty of estimates in relation to reserves, production
and expenses; and health, safety and environmental risks). Due to the risks,
uncertainties and assumptions inherent in forward-looking statements,
prospective investors in the company's securities should not place undue
reliance on them.


37,701,398 Class A Shares

753,014 Class B Shares

1 Year Anterra Energy CL B Chart

1 Year Anterra Energy CL B Chart

1 Month Anterra Energy CL B Chart

1 Month Anterra Energy CL B Chart