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| Home : Terra Energy Announces Further Extension to Lending Facility to Accommodate Asset Sales |
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Nov 06
2012 |
Terra Energy Announces Further Extension to Lending Facility to Accommodate Asset Sales |
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CALGARY, ALBERTA--(Marketwire - Nov. 6, 2012) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that its Board of Directors has unanimously determined that it is in the best interest of its shareholders for the Company to proceed with the sale of various assets with a view towards substantially paying down the Company's indebtedness with senior lenders and other creditors, and to not proceed with subordinate financing. |
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| Source:http://www.marketwire.com/mw/release.do?id=1722326&sourceType=3 |
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