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Terra Nova Energy Ltd. Concludes Non-Brokered Private Placement
Published : December 07, 2012
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Keywords :   Canada | Oil | Singapore | Terra X | Total |

CALGARY, AB--(Marketwire - December 7, 2012) -  Terra Nova Energy Ltd. (TSX VENTURE: TGC) ("Terra Nova" or the "Corporation"), announces that it has concluded a non-brokered private placement financing for aggregate proceeds of CDN $1.29 million from the sale of 6,450,000 units to subscribers outside of Canada and the United States. The units were sold at a price of $0.20 per unit and are comprised of one share and one share purchase warrant, exercisable at $0.30 for a period of 24 months from the date of closing.

The Corporation paid a finder's fee to Clarion Finance Pte Ltd. of Singapore in the form of a 5% fee on the aggregate gross proceeds, and 5% of the total number of units sold in agent's warrants, exercisable on the same terms as the warrants being sold in the offering.

The financing was conditionally approved by the TSX Venture Exchange on October 24, 2012.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Terra Nova Energy Ltd.

Terra Nova Energy Ltd. is a Calgary based oil and gas company. Its common shares trade on the TSX Venture Exchange under the symbol "TGC.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



For more information please contact:

Terra Nova Energy Ltd.
Norman J. Mackenzie
Chief Executive Officer
(403) 815-5204
njmack14@gmail.com

Data and Statistics for these countries : Canada | Singapore | All
Gold and Silver Prices for these countries : Canada | Singapore | All
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Terra Nova Gold Corp

EXPLORATION STAGE
CODE : TGC.V
ISIN : CA88102K1075
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Financings of Terra Nova Gold Corp
12/7/2012Energy Ltd. Concludes Non-Brokered Private Placement
11/15/2012Energy Ltd. Announces Application to Extend Warrant Exercise...
10/19/2012Energy Ltd. Announces Non-Brokered Private Placement
Nominations of Terra Nova Gold Corp
5/15/2007Director Appointments
Corporate news of Terra Nova Gold Corp
12/17/2012Announces the Addition of James Hutton to the Board of Direc...
12/17/2012Announces the Addition of James Hutton to the Board of Direc...
12/17/2012Announces the Addition of James Hutton to the Board of Direc...
10/11/2012Energy Ltd. Operational Update & Drilling Plans
9/19/2012Energy Ltd. Announces New Website and Exploration Update
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TSX-V (TGC.V)Other OTC (TGCNF)
0.120+0.00%0.075+0.00%
TSX-V
CA$ 0.120
07/28 12:02 -
0%
Prev close Open
0.120 0.100
Low High
0.100 0.120
Year l/h YTD var.
0.040 -  0.170 140.00%
52 week l/h 52 week var.
0.040 -  0.170 -29.41%
Volume 1 month var.
106,407 -20.00%
24hGold TrendPower© : -2
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DateVariationHighLow
2014140.00%0.090.04
2013-70.59%0.290.04
 
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