Anterra Energy Inc.

Anterra Energy Inc.

January 18, 2010 09:31 ET

Anterra Announces Final Closing of Alliance Transaction

CALGARY, ALBERTA--(Marketwire - Jan. 18, 2010) - Anterra Energy Inc. (TSX VENTURE:AE.A) ("Anterra" or the "Company") announces that the Company closed the second investment pursuant to the previously announced investment agreement with Alliance Success Holding Group Limited ("Alliance") on Friday, January 15, 2010. The Company issued 150,000,000 Class A Shares at a price of $0.08 per share to Alliance for gross proceeds of $12,000,000. The funds are in addition to the $3,000,000 received from Alliance in two tranches on October 6, 2009 and November 23, 2009 for a total investment of $15,000,000. Anterra paid finder's fees of $240,000 to each of Research Capital Corporation and ISTDC Canada Inc. and issued warrants to such firms to acquire an aggregate of 1,599,999 Class A Shares at $0.15 per share until January 14, 2012. The 150,000,000 Class A Shares and the brokers' warrants are subject to a four month hold period.

About Anterra Energy

Anterra Energy is an independent exploration, development and production company with an emerging focus on the use of advanced exploration 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 TSXV under the symbol AE.A. More information about Anterra is available on the Company's website at

244,488,032 Class A Shares

Neither 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 release.

Contact Information