By: Terra Ventures Inc.
Vancouver B.C. – February 10, 2011 – 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 and www.OTCMarkets.com.
"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 Board.
Dorsey & Whitney LLP will serve as Terra Ventures’ Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.
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 uranium business.
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 uranium mine.
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 body and the Phoenix zones, is present on the C-5 block.
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 release.
-- Posted Friday, February 11 2011 | Digg This Article | Discuss This Article - Comments:
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