Terra Energy Corp. (TSX:TT) sold petroleum and natural gas assets in Mica/Parkland, British Columbia for approximately CAD 1 million on February 8, 2016. Net proceeds from the transaction will be used to reduce Terra Energy's bank indebtedness. Black Spruce Merchant Capital Corporation acted as financial advisor to Terra Energy Corp.

Terra Energy Corp. (TSX:TT) completed the sale of petroleum and natural gas assets in Mica/Parkland, British Columbia on February 8, 2016.