/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
TSXV Symbol: AE.A and AE.B
32,169,040 Class A
753,014 Class B Shares
CALGARY, Sept. 22 /CNW/ - Anterra Energy Inc. ("Anterra" or the
"Company") is pleased to announce that it intends to complete a non-brokered,
private placement of up to 6,666,667 Class A common shares of the Company to
be issued on a flow-through basis ("Flow-Through Shares") at a price of $0.30
per Flow-Through Share (the "Offering") for aggregate gross proceeds of
approximately CAD$2,000,000. It is anticipated that directors and officers of
the Company will participate in the Offering.
The proceeds raised in connection with the Offering will be used to incur
Canadian Exploration Expenses, which will be renounced in favour of the
subscribers for the 2008 taxation year.
Anterra also announces that options have been granted to employees, a
consultant and a director and officer of the Corporation to acquire an
aggregate of 190,000 Shares at $0.30 per share.
Anterra Energy is an independent exploration, development and production
company with an emerging focus on the use of advanced technologies including
3-D imaging, horizontal drilling and multi stage completions to systematically
develop its portfolio of conventional and non conventional oil and gas
projects. Complementing this strong exploitation and development focus, the
Company owns and operates fee-based midstream facilities in western Canada.
Anterra is a public Canadian company listed on the TSX Venture Exchange under
the symbols AE.A and AE.B. More information about Anterra is available on the
internet at www.anterraenergy.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
This news release contains forward-looking information related to the
Company's planned land acquisitions, drilling program, production and
operating costs. These statements are based on current expectations that
involve a number of risks and uncertainties, which could cause actual results
to differ from those anticipated. These risks include, but are not limited to,
risks associated with the oil and gas industry (e.g., operational risks in
development, exploration and production; delays or changes in plans with
respect to exploration or development projects or capital expenditures; the
uncertainty of estimates in relation to reserves, production and expenses;
health, safety and environmental risks; and the uncertainty of dealing with
government and obtaining regulatory approvals). Due to the risks,
uncertainties and assumptions inherent in forward-looking statements,
prospective investors in the Company's securities should not place undue
reliance on them.
For further information:
For further information: Owen C. Pinnell, Chairman and Chief Executive
Officer, Anterra Energy Inc., Telephone: (403) 215-2427, Facsimile: (403)
261-6601, E-mail: email@example.com