ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

AE.B Anterra Energy CL B

0.00
0.00 (0.00%)
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 Energy Announces Initial Closing of Private Placement

20/07/2009 7:17pm

Marketwired Canada


Anterra Energy Inc. (TSX VENTURE:AE.A) (TSX VENTURE:AE.B) ("Anterra" or the
"Company") announces that it closed the first tranche of a private placement of
up to $1,500,000 (the "Private Placement") of Units. Each Unit is priced at
$0.15 and is comprised of one (1) Class A Share priced at $0.05 per share and
one (1) Flow-Through Class A Share of the Company (the "Flow Through Shares")
priced at $0.10 per share. The initial closing resulted in the receipt by the
Company of gross proceeds of $400,011 from the sale of 2,666,740 Class A Shares
and 2,666,740 Flow-Through Shares. The Company also advises that it is accepting
additional subscriptions and will complete a second closing on or before August
23, 2009. The Units are being sold to fund the Company's exploration and
development activities and for working capital purposes. The Company has also
agreed to pay Finder's Fees of 8% cash and 8% broker warrants to non-related
parties. All securities issued pursuant to the Private Placement are subject to
final approval from the TSXV and subject to a four month hold pursuant to
applicable securities legislation.


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 conventional and non-conventional oil and gas projects.
Complementing this strong exploitation and development 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.


Reader Advisory:

This news release may contain certain forward-looking statements, which include
assumptions with respect to (i) production; (ii) future capital expenditures;
(iii) funds from operations; (iv) cash flow; and (v) debt levels. The reader is
cautioned that assumptions used in the preparation of such information may prove
to be incorrect. All such forward-looking statements involve substantial known
and unknown risks and uncertainties, certain of which are beyond the Company's
control. Such risks and uncertainties include, without limitation, risks
associated with oil and natural gas exploration, development, exploitation,
production, marketing and transportation, loss of markets, volatility of
commodity prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other producers, inability to retain
drilling rigs and other services, delays resulting from or inability to obtain
required regulatory approvals and ability to access sufficient capital from
internal and external sources, the impact of general economic conditions in
Canada and the United States, industry conditions, changes in laws and
regulations (including the adoption of new environmental laws and regulations)
and changes in how they are interpreted and enforced, increased competition, the
lack of availability of qualified personnel or management, fluctuations in
foreign exchange or interest rates, stock market volatility and market
valuations of companies with respect to announced transactions and the final
valuations thereof, and obtaining required approvals of regulatory authorities.
The Company's actual results, performance or achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if any
of them do, what benefits, including the amount of proceeds, the Company will
derive therefrom. Readers are cautioned that the foregoing list of factors is
not exhaustive. All subsequent forward-looking statements, whether written or
oral, attributable to the Company or persons acting on its behalf are expressly
qualified in their entirety by these cautionary statements. Furthermore, the
forward-looking statements contained in this news release are made as at the
date of this news release and the Company does not undertake any obligation to
update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
may be required by applicable securities laws.


43,334,878 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

Your Recent History

Delayed Upgrade Clock