Terra Nova Announces DTC Eligibility of its Common Shares
06 Janvier 2014 - 2:55PM
Access Wire
January 6, 2014 -
Vancouver, British Columbia - Terra Nova Energy Ltd. (TSX-V - TGC) is pleased
to announce that its common shares have been granted eligibility
status by the Depository Trust Company (DTC),
subsidiary of the Depository Trust & Clearing Corporation
(DTCC).
DTC is the world's
largest post-trade financial services company. It provides
electronic clearance, settlement, and information services for the
vast majority of the equities and other securities in the
United States. Trading of securities through DTC
allows for cost-effective clearing and guaranteed settlement.
Securities that are not DTC-eligible are often not accepted for
trading at many brokerage firms due to the amount of paperwork and
manpower required to execute and settle trades, thus making it more
difficult for a significant percentage of investors to easily
access those shares.
"We are pleased to
have Terra Nova's shares granted eligibility status by DTC," stated
Nico Civelli, VP Finance of Terra Nova. "DTC-eligibility
facilitates brokerage firms to trade our stock for their clients.
Acquiring DTC eligibility status commonly improves overall share
liquidity and share attractiveness in the US OTC
Markets."
About Terra Nova Energy Ltd.
Terra
Nova Energy Ltd. is an oil and gas company with a right to acquire
up to a 55% working interest in two onshore petroleum exploration
licenses ("PELs"), being PEL 112 and PEL 444, located on the
western flank of the Cooper Eromanga Basin in the State of South
Australia, Australia. Its common shares trade on the TSX Venture
Exchange under the symbol "TGC" and its common
shares trade in the U.S. on the OTCQX marketplace under the symbol
"TNVMF."
For more information
please contact:
Terra Nova Energy Ltd.
Nico
Civelli,
VP Finance
+41 44 217 4804
invest@niconsult.ch
Forward looking information
This news release contains forward-looking
information relating to Terra Nova's intentions to conduct the
seismic program and subsequent drilling programs and other
statements that are not historical facts. Such forward-looking
information is subject to important risks and uncertainties that
could cause actual results to differ materially from what is
currently expected, for example: risks related to oil and gas
exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices,
currency fluctuations, competition from other producers, inability
to retain drilling rigs and other services, reliance on key
personnel, and insurance risks. Findings by other oil and gas
issuers does not necessarily indicate that Terra Nova will be
successful in making such findings in the Western Flank. In making
such forward-looking statements, Terra Nova has relied upon certain
assumptions relating to geological settings, commodity prices, the
stability of markets and currencies, the availability of capital,
and Terra Nova's ability to continue with the seismic and drilling
programs. You should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While Terra Nova may elect to, Terra Nova is under no
obligation and does not undertake to update this information at any
particular time, except as required by applicable securities
law.
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.
Terra Nova Energy Ltd. (TSXV:TGC)
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