Terra Firma Resources Inc.

Terra Firma Resources Inc.

October 22, 2009 16:00 ET

Terra Firma Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2009) - Terra Firma Resources Inc. (the "Company") (TSX VENTURE:TFR) today announced that it has closed a non-brokered private placement equity financing. Under the financing, the Company issued a total of 750,000 common shares at a price of $0.10 per share, for gross proceeds of $75,000. The proceeds will be used for general working capital of the Company. No commissions or finder's fees were paid under the financing.

About the Company

Terra Firma Resources Inc. is a mineral exploration company headquartered in Vancouver, British Columbia. The Company's objective is to develop a balanced portfolio of properties through a combination of grassroots prospecting, property acquisition and the formation of strategic relationships.

For further information about the Company, please refer to the Company's filings on SEDAR (www.sedar.com).

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to the Company's mineral property, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability of the Company to obtain an interest in the Property or any other mineral property, the ability of the Company to complete an IPO; changes in economic conditions or financial markets; changes in prices for mineral products or increases in costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Contact Information

  • Terra Firma Resources Inc.
    Paul Pedersen
    President and CEO