Terra Energy & Resource Technologies Inc. (TEGR)

[pnnymn]

Even the insiders are getting in early with stock waarants ........On September 25, 2006, the Company granted stock warrants to purchase 250,000 shares of the Company’s common stock, exercisable for a period of up to five years from the date of grant at $0.21 per share, to each of the following employees and consultant:

Ivan Railyan, Chairman of the Board
Roman Rozenberg, Chief Executive Officer
Dan Brecher, Managing Director
Dmitry Vilbaum, Chief Operating Officer
Alexander Fediaev, Consultant