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TGC, TNVMF issues 13.6M common on convert note

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sludgehound   Tuesday, 12/30/14 03:07:09 PM
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TGC, TNVMF issues 13.6M common on convert note
2:47pm ET
(ACCESSWIRE via COMTEX) -- Singapore / ACCESSWIRE / December 30, 2014 / Terra Nova Energy Ltd. ("Terra Nova") (TGC)(otcqx:TNVMF) announces it has issued a total of 13,636,364 common shares in connection with the conversion of CAD $1,500,000 of its previously issued 10% convertible note at a price of $0.11 per share. This conversion has reduced the principal balance of convertible notes to $nil.

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 Basins in the State of South Australia, Australia. Its common shares trade on the TSX Venture Exchange under the symbol "TGC" and its ordinary shares trade in the U.S. on the OTCQX marketplace under the symbol "TNVMF."

For more information please contact:

Terra Nova Energy Ltd.

Lydia Danis

Corporate Communications


It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

~ Thomas Sowell
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