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CALGARY, ALBERTA--(Marketwired - Aug. 13, 2013) - Anterra Energy Inc. (TSX VENTURE:AE.A)(OTCQX:ATERF) ("Anterra" or the "Company") announces that it has signed a letter of intent with Jiangsu Baoli Asphalt Co., Ltd. ("Baoli") of China for a $7 million private placement of Class A common shares priced at $0.067 per share. The financing is subject to several conditions, including the execution of a definitive agreement, TSX Venture Exchange ("TSX-V") approval, and compliance with applicable laws. The financing is expected to close on or before October 31, 2013 and is conditional on the appointment of a representative of Baoli to Anterra's board of directors. |
