Anterra Corporation
TSX VENTURE : ATR

Anterra Corporation

October 18, 2005 09:00 ET

Anterra Announces Private Placement

CALGARY, ALBERTA--(CCNMatthews - Oct. 18, 2005) - Anterra Corporation (TSX VENTURE:ATR) announces that it intends to offer for sale on a private placement basis up to 1,600,000 common shares at a price of $0.50 per share for total gross proceeds of $800,000. It is anticipated that officers and directors of Anterra will participate in the private placement.

Anterra intends to use the proceeds of this financing to accelerate its fourth quarter capital expenditure program. At Breton, management plans to re-complete six suspended wells to exploit additional gas & oil production, and to evaluate existing 2-D seismic over the property to assess the hydrocarbon potential of the deeper formations. At Suffield, management is planning a wide area 3-D seismic "shoot" to optimize the company's existing producing assets and to evaluate the multi-zone hydrocarbon potential within and adjacent to the property.

About Anterra

Anterra Corporation ("Anterra") is a public company trading on the TSX Venture Exchange under the symbol ATR. Anterra, through its subsidiaries Anterra Resources Inc, and Anterra Midstream Inc., is engaged in the business of oil and natural gas development and exploration and the development of associated fee-based midstream energy projects in western Canada. More information about Anterra is available on the internet at www.anterra.org. Companies wishing to avail themselves of Anterra Midstream's services should contact Mr. Bob McCuaig at tel. 403-215-3282 or e-mail mccuaigb@anterra.org.

Common Shares Outstanding: 22,585,000

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Anterra Corporation
    Owen C. Pinnell
    Chairman and Chief Executive Officer
    (403) 215-2427
    (403) 261-6601 (FAX)
    pinnello@i3capital.com