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CALGARY, ALBERTA--(Marketwire - Aug. 3, 2011) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) is pleased to announce that it has entered into an agreement with Burgeonvest Bick Securities Limited ("Burgeonvest") of Toronto pursuant to which Burgeonvest has agreed, on a best efforts basis, to place up to 9,100,000 Units of Anterra at $0.22 per Unit. Each Unit will consist of one Class A share to be issued on a flow-through basis and one half of one Class A share purchase warrant. Each whole warrant will be exercisable at a price of $0.27 per share until August 31, 2012 (the "Offering"). The Offering is scheduled to close on or about August 31, 2011 and is subject to certain conditions, including but not limited to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange, and completion of due diligence by Burgeonvest. Burgeonvest will receive a commission of seven percent (7%) in cash plus seven percent (7%) broker options to purchase Class A shares of Anterra at a price of $0.22 per share until August 31, 2012. |
