Genterra Inc. announces termination of SEC reporting



    TORONTO, Oct. 2 /CNW/ - Genterra Inc. (TSX-Venture: GIC.A), announced
today its intention to file a Form 15F with the Securities and Exchange
Commission ("SEC") in order to deregister its Class A Shares and its Class C
Series 1 Preferred Shares under the Securities Exchange Act of 1934, as
amended ("Exchange Act"). Immediately upon filing of the Form 15F, the Company
will no longer be required to file certain reports, including Form 20-F and
6-K, with the SEC.
    The Company's Board of Directors unanimously approved the deregistration
of the Shares, noting that the TSX Venture Exchange ("TSXV") is the primary
trading market for the Shares, with the TSXV trading volume far exceeding the
trading volume of the Shares in the United States. The Company does not
believe that its shareholders in the United States will be materially
prejudiced by a termination of the registration of the Shares under the
Exchange Act since the nature and scope of publicly available information
about the Company on the SEDAR website maintained by the Canadian Securities
Administrators (www.sedar.com), as required by Canadian securities laws, is
substantially the same as the information such shareholders are currently
receiving and such U.S. shareholders will continue to be able to trade
Genterra Shares through the facilities of the TSXV.

    Genterra Inc. is a management and holding company whose assets include
rental real estate properties and investments.

    "Safe Harbor" statement under the Private Securities Reform Act of 1995:
This release may contain forward-looking statements which reflect management's
current views of future events and operation. These forward-looking statements
are based on assumption and external factors, including assumptions relating
to product pricing, competitive market conditions, financial data and other
risks or uncertainties detailed from time to time in the Company's filings
with the Securities and Exchange Commission. These forward-looking statements
represent the Company's judgment as of the date of this release and any
changes in the assumptions or external factors could produce significantly
different results.

    Disclaimer: TSX Venture Exchange does not accept responsibility for the
    adequacy or accuracy of this release.

    %SEDAR: 00020608E




For further information:

For further information: Stan Abramowitz, Secretary, (416) 920-0500

Organization Profile

GENTERRA INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890