Published on 9/10/2007 in the Prospect News PIPE Daily.
New Issue: Terra Energy & Resource prices $1 million of stock
By Laura Lutz
Des Moines, Sept. 10 - Terra Energy & Resource Technologies, Inc. intends to sell $1 million of stock in a private placement with Esterna, Ltd.
The company plans to sell 5,000,000 shares at $0.20 per share.
Settlement is expected by Oct. 15.
New York-based Terra provides mapping and analysis services for exploration, drilling and mining companies.
| Issuer: | Terra Energy & Resource Technologies, Inc.
|
| Issue: | Stock
|
| Amount: | $1 million
|
| Shares: | 5,000,000
|
| Price: | $0.20
|
| Warrants: | No
|
| Investor: | Esterna, Ltd.
|
| Pricing date: | Sept. 10
|
| Stock symbol: | OTCBB: TEGR
|
| Stock price: | $0.17 at close Sept. 7
|
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