VANCOUVER, Feb. 10 /CNW/ - OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services
company that provides the world's largest electronic marketplace for
broker-dealers to trade unlisted stocks, today announced that Terra Ventures Inc. (TSX-V: TAS; OTCQX: TASFF; FSE: G7K), an exploration company focused on
acquiring and developing uranium projects, is now trading on the OTC
market's highest tier, OTCQX®.
Terra Ventures began trading today on the OTC market's prestigious tier, OTCQX
International. Investors can find current financial disclosure and
Real-Time Level 2 quotes for the Company on www.OTCQX.com, www.OTCMarkets.com and TASFF quote.
"At Terra Ventures we see joining OTCQX as a very cost effective method
to facilitate a U.S. presence. As the top tier of the US OTC market,
with its transparency, credibility, superior information platform and
convenience to US investors, the OTCQX is gaining recognition from
micro to large cap companies. In conjunction with the Standard & Poor's
Market Access program we are confident this achievement in Terra
Venture's business plan will enhance our liquidity and broaden our
shareholder base." stated James Hutton, Terra Ventures' Chairman of the
Dorsey & Whitney LLP will serve as Terra Ventures' Principal American
Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX
About Terra Ventures Inc.
Terra Ventures Inc. (TSX-V: TAS; OTCQX: TASFF; FSE: G7K), trades in the United States on
OTCQX under the symbol "TASFF". Terra Ventures is a junior exploration
company focused on acquiring and developing quality uranium projects
which have world class potential. The Company's combination of
strategic land positions, prospective exploration projects and no risk
carried interest projects - combined with technical expertise and
management's fundraising ability - are the foundation for growth in the
Terra's two main assets are a carried interest in Hathor Explorations
Midwest Northeast Property containing the Roughrider deposit - 27.88MM
lbs U3O8 at 2.88% including 24.2MM lbs at 11.7%. An updated resource
estimate incorporating Roughrider Zone east is due out Q1 2011 and a
three rig drill program is underway. The program is expected to run for
the duration of the winter season. Between 35 and 40 holes are planned,
for approximately 15,000 meters in total. Terra's interest is fully
carried to completion of bankable feasibility study.
Terra recently acquired 3 claims (designated C-4, C-5 and C-6) adjoining
the Wheeler River property of Denison Mines Corp. (60%), Cameco Corp.
(30%) in the southeastern part of the Athabasca Basin containing the
"Phoenix deposit" - 35.6MM lbs U3O8 at 17.99% indicated and 3.8MM lbs
U3O8 at 7.27% inferred. The C-6 claim lies approximately one kilometer
north of the Phoenix A & B zones. The Property lies midway between the
producing McArthur River uranium mine and the former producing Key Lake
Previous airborne EM surveys have defined conductors on the C-4 and C-5
blocks. Previous drilling in the area has resulted in the recognition
of a broad zone of clay alteration of the type that is always
associated with unconformity-type uranium mineralization in the
Athabasca Basin. There is also evidence from prior drilling that a
quartzite ridge in the basement, similar to that which appears to be at
least partially responsible for localizing the giant McArthur River ore
and the Phoenix zones, is present on the C-5 block. A program of boulder
sampling carried out (by a previous operator) in 2009 confirmed the
widespread clay alteration in the property area. Illite is the dominant
clay mineral, with local "hot spots" of kaolinite and dravite.
Geochemical analysis of boulder samples also indicated extensive
anomalies in uranium and pathfinder elements.
Terra plans a program of ground geophysics (IP, resistivity and seismic
surveys) on the properties followed by diamond drilling. The company
has received permits for these programs.
Technical information in this news release has been prepared and/or
revised by Mike Magrum, PEng, director and qualified person as defined
in NI 43-101 for Terra.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for
broker-dealers to trade unlisted stocks. The OTC Link platform
supports an open network of competing broker-dealers that provide
investors with the best prices in over 10,000 OTC securities. In 2010,
securities on OTC Link traded over $144 billion in dollar volume,
making it the third largest U.S. equity trading venue after NASDAQ and
the New York Stock Exchange. The wide spectrum of OTC-traded companies
is categorized into three tiers- OTCQX (the quality-controlled
marketplace for investor friendly companies), OTCQB (the U.S. reporting
company marketplace for development stage companies), and OTC Pink (the
speculative trading marketplace) -- so investors can identify the level
and quality of information companies provide.
Also today Standard & Poor's announced it has commenced Factual Stock Report coverage on Terra Ventures, Inc. This coverage will also be accessible on an ongoing basis to the
investment community by scores of buy-side institutions and sell-side
firms that utilize S&P research and information platforms daily.
Millions of self-directed investors also have access to the report via
their e-brokerage accounts.
About Standard & Poor's Factual Stock Reports
This Standard & Poor's service provides factual research coverage
enabling information about Terra Ventures, Inc. and other securities to reach a wide investor audience of Buy and
Sell-side investors, helping them understand a company's fundamentals
and business prospects. Currently profiling over 500 issuers, S&P
Factual Stock Reports increase market awareness for issuers in the
investment community with insightful commentary and key
statistics/information. Updated weekly with the latest pricing,
trading volume, and other data, the reports include recent
developments, a financial review, key operating information, Industry
and peer comparisons, institutional holdings analysis, Street Consensus
and opinions, performance charts, business summary, fundamental data,
and news. Because coverage of these reports is sponsored by the issuer,
S&P does not offer investment opinions concerning the advisability of
investing in these stocks.
Standard & Poor's Factual Stock Reports are produced separately from any
other analytic activity of Standard & Poor's. Standard & Poor's
Factual Report research has no access to non-public information
received by other units of Standard & Poor's. Standard & Poor's does
not trade on its own account.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP),
is the world's foremost provider of financial market intelligence,
including independent credit ratings, indices, risk evaluation,
investment research and data. With approximately 10,000 employees,
including wholly owned affiliates, located in 23 countries, Standard &
Poor's is an essential part of the world's financial infrastructure and
has played a leading role for more than 140 years in providing
investors with the independent benchmarks they need to feel more
confident about their investment and financial decisions. For more
information, visit http://www.standardandpoors.com.
For further particulars about Terra Ventures, please contact Ryan
Johnson, Investor Relations, at 1-866-683-0911 or visit the Company's
website at www.terrauranium.com.
On behalf of the board of directors of
TERRA VENTURES INC.
Gunther Roehlig, President
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 news
SOURCE Terra Ventures Inc.
For further information:
For further particulars about Terra Ventures, please contact Ryan Johnson, Investor Relations, at 1-866-683-0911 or visit the Company's website at www.terrauranium.com.