Teras Resources Inc.

Teras Resources Inc.

May 29, 2009 08:57 ET

Teras Resources Inc. Announces 2009 Annual General and Special Meeting

CALGARY, ALBERTA--(Marketwire - May 29, 2009) - Teras Resources Inc. ("Teras") (TSX VENTURE:TRA) is pleased to announce that its annual general and special meeting of shareholders (the "Meeting") will be held on July 8, 2009, at the offices of Davis LLP, 10th Floor Livingston Place, 250 - 2nd Street SW, Calgary, Alberta, at 9:30 a.m. The record date for the Meeting is June 8, 2009.

The Court of Queen's Bench of Alberta has granted Teras an Order which extends the period under the Business Corporation's Act (Alberta) during which Teras may hold its next annual general meeting of shareholders to August 9, 2009. However, Teras is currently late under section 3.1 of TSX Venture Exchange (the "Exchange") Policy 3.2, by failing to hold an annual general meeting of shareholders within 15 months of its last AGM held on January 25, 2008. Upon holding the Meeting on July 8, 2009, Teras will be in compliance with section 3.1 of Exchange Policy 3.2. This disclosure is being provided at the request of the Exchange.

About Teras

Teras' vision is to acquire and advance properties with established technical merit. Teras' exploration work will be focused on detailed diamond drilling programs with the goal of proving resources with an NI 43-101 compliant resource report.

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.

Contact Information

  • Teras Resources Inc.
    Peter Leger
    (403) 852-0644
    Email: pleger@teras.ca
    Website: www.teras.ca
    Stirling Investor Relations
    Sam Grier
    (403) 229-2115
    (403) 802-0766 (FAX)