Terra Ventures Retains Cormark as Adviser on Strategic Options to Further Enhance Shareholder Value
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/13/10 -- Terra Ventures Inc. (TSX VENTURE: TAS) (the 'Company' or 'Terra') is pleased to announce that the Company has retained Cormark Securities Inc. ('Cormark') to evaluate and advise the Company on a range of strategic options to further enhance shareholder value.
'Our Board of Directors and management team are delivering on our commitment to build value for our shareholders,' said Mr. James Hutton, the Company's Chairman. 'With the spinout of Terrex Energy Inc. proceeding to a shareholder vote on June 4th, this is the right time to explore options available to us to further enhance value for our shareholders.'
Cormark will assist Terra's management in evaluating a range of strategic options during the coming months. Options include, but are not limited to, the potential sale of the Company or some or all of its assets, including its 10% carried working interest in the Midwest Northeast Project of Hathor Exploration Ltd. (TSX-V: HAT), and/or various corporate transactions. No specific transaction is being considered at this time.
Cormark is a Canadian independent investment dealer focused on advising and helping finance mid-cap and emerging growth companies from its offices in Toronto, Calgary and Montreal. Established in 1981 as Sprott Securities, Cormark has evolved into an industry leader recognized for its knowledge and commitment to the mid-cap and emerging growth market. It has been rated Canada's #1 small/mid cap brokerage firm by institutional investors for five of the last seven years, as compiled by Brendan Wood International.
On behalf of the board of directors of TERRA VENTURES INC.
James Hutton, Chairman
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expects', 'plans', 'anticipates', 'believes', 'estimates', 'predicts', 'potential' or 'continue' or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
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Contacts:
Terra Ventures Inc.
Gunther Roehlig
President
Toll Free: 1-866-683-0911 or 1-604-683-0911
1-604-683-7161 (FAX)
www.terrauranium.com