Terra Firma Capital Corporation entered into a strategic alliance and has accepted a subscription agreement for a non-brokered private placement to a member of the Great Gulf Group of companies for gross proceeds of $3,250,000 through the sale of 5,000,000 units at a purchase price of $0.65 per Unit. Upon closing of the private placement, Terra Firma will appoint Jerry Patava, Great Gulf's Chief Executive Officer to its board of directors.