Terra Nova Minerals Inc.
TSX VENTURE : TGC

October 30, 2009 09:58 ET

Terra Nova Minerals Announces 89.2% of AEC Shares Tendered and Bid Extended to November 30, 2009

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2009) - Terra Nova Minerals Inc. ("Terra Nova" or the "Company") (TSX VENTURE:TGC). Further to the Company's press release of October 14, 2009, the Company is pleased to announce that 89.2% of the issued and outstanding ordinary shares of Australian Energy Company Limited ("AEC") have been tendered into its bid. Terra Nova has therefore extended its bid to November 30, 2009 to allow shareholders to deposit over 90% of the AEC shares so that it may avail itself of the compulsory squeeze out provisions of Australian law.

ON BEHALF OF THE BOARD

Grant Sawiak, Director

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Terra Nova Minerals Inc.
    Grant Sawiak
    +1 416.941.8841