Terrex Energy Provides Update on Special Committee; Trading Near Yr Lows

By Midnight Trader,  July 18, 2012, 07:54:49 AM EDT

Terrex Energy Inc (TER.V), which is trading near year lows, provided an update on the activities of its Special Committee. On January 27, Terrex announced that a special committee of the board of directors had been formed and that Nova Bancorp Securities Ltd. as a non-exclusive financial advisor.

It said: "The special committee and management are continuing to consider all possible strategic alternatives for the company for the purpose of maximizing shareholder value. Management has been in discussions with a select number of oil and gas and investment companies regarding possible investment or financing transactions. It is expected that this process will continue for some time and Terrex will provide further updates on this process once available."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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