Terrenex Acquisition Corporation

Terrenex Acquisition Corporation

March 27, 2007 01:00 ET

Terrenex Receives Shareholder Approval for Corporate Reorganization

CALGARY, ALBERTA--(CCNMatthews - March 27, 2007) - Terrenex Acquisition Corporation ("Terrenex" or the "Company") (TSX VENTURE:TXA) reported today that shareholders have approved the corporate reorganization by way of court approved plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement").

At a special meeting of shareholders held on March 26, 2007, shareholders approved the reorganization that was previously disclosed by the Company on February 2, 2007. Closing of the Arrangement is anticipated to occur within three to six weeks upon receipt of the requisite regulatory approval and the final court approval of the Arrangement which will be rescheduled and applied for in conjunction with the receipt of all other necessary approvals.

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

Contact Information

  • Terrenex Acquisition Corporation
    Michael Binnion
    (403) 777-1185
    (403) 777-1578 (FAX)
    Email: terrenex@cia.com