Terra Firma Closes Private Placement
October 22 2009 - 4:00PM
Marketwired
Terra Firma Resources Inc. (the "Company") (TSX VENTURE: TFR) today
announced that it has closed a non-brokered private placement
equity financing. Under the financing, the Company issued a total
of 750,000 common shares at a price of $0.10 per share, for gross
proceeds of $75,000. The proceeds will be used for general working
capital of the Company. No commissions or finder's fees were paid
under the financing.
About the Company
Terra Firma Resources Inc. is a mineral exploration company
headquartered in Vancouver, British Columbia. The Company's
objective is to develop a balanced portfolio of properties through
a combination of grassroots prospecting, property acquisition and
the formation of strategic relationships.
For further information about the Company, please refer to the
Company's filings on SEDAR (www.sedar.com).
This press release contains "forward-looking information" that
is based on the Company's current expectations, estimates,
forecasts and projections. This forward-looking information
includes, among other things, statements with respect to the
Company's mineral property, plans, outlook and business strategy.
The words "may", "would", "could", "should", "will", "likely",
"expect", "anticipate", "intend", "estimate", "plan", "forecast",
"project" and "believe" or other similar words and phrases are
intended to identify forward-looking information.
Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the Company's
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information. Such factors include, but are not
limited to: uncertainties related to the ability of the Company to
obtain an interest in the Property or any other mineral property,
the ability of the Company to complete an IPO; changes in economic
conditions or financial markets; changes in prices for mineral
products or increases in costs; litigation, legislative,
environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties
or inability to obtain permits encountered in connection with
exploration activities; and labour relations matters.
This list is not exhaustive of the factors that may affect our
forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on
such forward-looking information. The Company disclaims any
intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
Contacts: Terra Firma Resources Inc. Paul Pedersen President and
CEO 604.683.7031