TRRE .......Terra Energy News Letter looking a head into 2017
(TRRE) TERRA ENERGY IN 2017
On October 31, 2016 the Terra Energy (TRRE) entered into a material agreement to acquire 35% of Berkshire Enterprises, Inc., an Ontario company in a tax free exchange for restricted common shares of the company. The move is part of a broader strategic management plan for 2017 to begin to diversify the company’s business operations.
Moreover, the plan will see the company move into new business operations through the acquisition of several multinational companies. Additionally, the plan calls for a re-branding of the company’s public image. As a result, the company’s management team believes that the diversification process will result in an increase in shareholder value over the long term.
“Our new mission is simple. We are charged with finding undervalued companies that complement each other and can increase shareholder value as part of the new Terra Group of companies.” said Charles Langrill, CEO
Nevertheless, 2016 has already seen the beginning phases of the company’s new mission take place. However, 2017 will see an acceleration of these changes as the company’s management team begins to execute its new mission.
In conclusion, Terra Energy continues to trade under the symbol TRRE and also continues to maintain its complete corporate filing on OTC Markets. However, as part of the company's new strategy its management team has also decided to make its material changes available through public SEC filings. Finally, 2017 will also see the launch of the company's new website reflecting its new brand image, mission and objectives.
