11:37 AM EST - Terra Energy Corp. : has entered into a definitive agreement to acquire certain high quality, long life, assets located in northeast British Columbia and northwest Alberta, for total consideration of approximately $76.6 million, prior to closing adjustments. Pursuant to the terms of the Agreement, Terra Energy has agreed to purchase properties primarily located in the Peace River Arch regions of northeast British Columbia and northwest Alberta, including approximately 46,000 acres of net undeveloped land. Terra Energy Corp.
shares T.TT are trading down $0.01 at $1.44.
