VANCOUVER, May 13, 2010
- Terra Ventures Inc. (TSX-V: 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.
For further particulars
about Terra, please contact Gunther Roehlig, President & CEO, 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.
"James Hutton"
James Hutton,
Chairman
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 release.
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.