ENP Newswire -
Release date- 26022014 -
Each Unit shall consist of one common share of the Company ('Common Share') and one Common Share purchase warrant of the Company ('Warrant'). Each Warrant will be exercisable into one Common Share at a price of
The gross proceeds of the Flow-Through Shares will be used by the Company to incur eligible Canadian development expenses ('Qualifying Expenditures') prior to
Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the
Closing of the Offering is expected to occur in one or more tranches with the first closing expected to occur on or about
Terra is a junior oil and gas company engaged in the exploration for, and the development and production of, natural gas and oil in
Forward Looking Statements
All amounts in Canadian dollars unless otherwise specified.
This media release contains certain information and statements which constitute forward-looking information or statements ('forward-looking statements') within the meaning of applicable securities laws. The use of any of the words 'expect', 'anticipate', 'continue', 'estimate', 'may', 'will', 'project', 'should', 'believe', 'plans', 'intends' and similar expressions are intended to identify forward-looking statements. In particular, but without limiting the foregoing, this media release contains statements concerning the completion of the Offering and the timing thereof, the use of proceeds of the Offering, the participation and amount of participation by insiders of the Company and the payment of a cash fee to certain eligible persons in connection with the Offering.
The forward-looking statements contained in this document are based on certain key expectations and assumptions made by Terra, including expectations and assumptions concerning the timing of receipt of required regulatory approvals and the satisfaction of conditions to the completion of the Offering as well as expectations and assumptions concerning the success of future drilling activities.
Forward-looking statements have been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including, without limitation: the receipt of all regulatory approvals for the Offering; volatility in the market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; fluctuations in foreign exchange or interest rates; health, safety and environmental risks; stock market volatility; global economic events or conditions; certain other risks detailed in Terra's public disclosure documents and other factors, many of which are beyond the control of the Company.
We caution that the forgoing list of risks and uncertainties is not exhaustive. Additional information regarding some of these risks, expectations or assumptions and other factors may be found under in the Company's Annual Information Form for the year ended
The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this media release are made as of the date hereof and Terra undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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