Terra Energy Corp. (TSX:TT) entered into a purchase and sale agreement to sell Non-Core, P&NG Assets in Boundary Lake and Worsley for CAD 10.6 million on September 25, 2015. The transaction is expected to close on September 28, 2015. Net proceeds from the sale transaction will be used to strengthen the Company's balance sheet, reduce total debt and improve on operational efficiencies and production. Black Spruce Merchant Capital acted as financial advisor to the Special Committee of Independent Directors of Terra.

Terra Energy Corp. (TSX:TT) entered into a purchase and sale agreement to sell Non-Core, P&NG Assets in Boundary Lake and Worsley on September 28, 2015.