Pan Terra Industries Inc.
TSX VENTURE : PNT.H

Pan Terra Industries Inc.

April 11, 2011 14:37 ET

Pan Terra Industries Inc. Announces Filing of Filing Statement on SEDAR

CALGARY, ALBERTA--(Marketwire - April 11, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

Mr. David Heighington, President of Pan Terra Industries Inc. (TSX VENTURE:PNT.H) (the "Company" or "Pan Terra") is pleased to announce the filing on SEDAR of a Filing Statement in connection with the Company's previously announced "Change of Business and Reverse Take-over Transaction ("Transaction"). The Filing Statement sets out the specifics of the Transaction that will enable the Company to graduate from the NEX to Tier 2 of the TSX Venture Exchange (the "Exchange"). The Exchange has conditionally approved the Transaction that was originally announced via Stockwatch on November 29, 2010. The Company expects to close the Transaction shortly and a further announcement will be issued on closing, including details of the amended concurrent private placement, which was increased from $1,200,000, as disclosed in the Filing Statement, to $2,052,000. The filing statement is available on SEDAR at www.sedar.com.

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of PNT.H should be considered highly speculative. Trading will remain halted until the Transaction has closed on the Exchange has issued its final bulletin approving the Transaction.

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.

Forward-Looking Statements

This press release may include forward-looking statements including opinions, assumptions, estimates and expectations of future results, including completion of the Transaction. Forward-looking statements are subject to a wide range of risks and uncertainties and although the Corporation believes that the expectations represented by such forward-looking statements are reasonable; there can be no assurance that such expectations will be realized.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pan Terra Industries Inc.
    Mr. David Heighington
    President
    (403) 237-0018
    (403) 264-5455
    David@hlf.ca

    Pan Terra Industries Inc.
    730, 1015 - 4th Street S.W.
    Calgary, Alberta