09:52 AM EST - Terra Energy Corp. : agreed to acquire all of the shares of Tecton Energy Canada ULC in cash and share exchange transaction valued at $8 million. Terra Energy has agreed to pay $4 million in cash and issue $4 million in common shares priced at $1.55 per share. Closing of the transaction is scheduled to occur in late May 2009 following due diligence reviews to be performed on Tecton. Terra Energy Corp.
shares V.TTR are trading down $0.08 at $1.42.
