Terreno Resources Corp.

Terreno Resources Corp.

April 16, 2014 11:23 ET

Terreno Resources Corp. Announces Shares for Debt

TORONTO, ONTARIO--(Marketwired - April 16, 2014) - Terreno Resources Corp. (TSX VENTURE:TNO) ("Terreno") announces that following receipt of TSX Venture Exchange approval, it has completed the shares-for-debt transaction announced in its February 4, 2014 press release and has issued an aggregate of 8,322,574 common shares to settle outstanding debts of $416,129.70 to various creditors of the Company. The common shares were issued at a deemed price of $0.05 per common share, and were issued subject to a four (4) month hold.

About Terreno Resources

Terreno, meaning "of the earth" in Spanish, represents the Company's focus on natural resource opportunity development in South America. Terreno has option agreements on several exploration projects in Argentina and the Dominican Republic. For more information, please visit www.terrenoresources.com.

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

Contact Information

  • Terreno Resources Corp.
    Gerry Feldman, CA
    Chief Financial Officer

    Terreno Resources Corp.
    Richard Patricio
    Interim President and CEO