Terra Clean Energy Completes Debt Settlement
Not for distribution to United States newswire services or for release publication, distribution
or dissemination directly, or indirectly, in whole or in part, in or into the United States.
Terra Clean Energy Completes Debt Settlement
Vancouver B.C., January 7, 2025 – TERRA CLEAN ENERGY CORP. (“Terra” or the “ Company”)
(CSE: TCEC, OTCQB: TCEFF, FSE: 9O0, is pleased to announce that further to its press release on
December 30, 2024, it has completed a settlement agreement (the “Debt Settlement”) with
Terralogic Exploration Inc. (“Terralogic”), pursuant to which the Company has settled
approximately $240,000 in debt: (a) through the issuance of 600,000 common shares of the
Company; and (b) completing a drill program with Terralogic as General Contractor by June 30,
2025, of no less than $1,000,000 (the “Drill Program”). In the event that the Co mpany has not
completed the Drill Program by June 30, 2025, it shall issue Terralogic that number of common
shares of the Company equal in value to $120,000 (based on a 10-day volume weighted average
price).
The Debt Settlement remain subject to the receipt of all regulatory approvals, including the
approval of the Canadian Securities Exchange.
All securities issued in connection with Debt Settlement are subject to a four month plus one day
hold period from the date of issuance in accordance with applicable securities laws.
About Terra Clean Energy Corp.
Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration
and development company. The Company is currently developing the South Falcon East uranium
project, which holds a 6.96M pound inferred uranium resource within the Fraser Lakes B
uranium/thorium deposit, located in the Athabasca Basin region, Saskatchewan, Canada.
ON BEHALF OF THE BOARD OF TERRA CLEAN ENERGY CORP.
“Greg Cameron”
Greg Cameron, CEO
Qualified Person
The technical information in this news release has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43 -101 and reviewed on
behalf of the company by C. Trevor Perkins, P.Geo., a Consulting Geologist for th e Company,
and a Qualified Person as defined by National Instrument 43-101.
*The historical resource is described in the Technical Report on the South Falcon East Property,
filed on sedarplus.ca on February 9, 2023. The Company is not treating the resource as current
and has not completed sufficient work to classify the resource a s a current mineral resource.
While the Company is not treating the historical resource as current, it does believe the work
conducted is reliable and the information may be of assistance to readers.
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts.
Forward-looking information is characterized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate”, “estimate” and other similar wo rds, or statements that certain
events or conditions “may” or “will” occur. Forward -looking information involves risks,
uncertainties and other factors that could cause actual events, results, and opportunities to differ
materially from those expressed or implied by such forward -looking information, including
statements regarding the ability of the Company to satisfy regulatory, stock exchange and
commercial closing conditions of the Debt Settlement, and the potential development of mineral
resources and mineral reserves which may or may not occur. Factors that could cause actual
results to differ materially from such forward-looking information include, but are not limited to,
changes in the state of equity and debt markets, fluctuations in commodity prices , delays in
obtaining required regulatory or governmental approvals, and general economic and political
conditions. Forward-looking information in this news release is based on the opinions and
assumptions of management considered reasonable as of the date hereof, including that all
necessary approvals, including governmental and regulatory approvals will be received as and
when expected. Although the Company believes that the assumptions and factors used in
preparing the forward -looking information in this news release are reasonable, undue reliance
should not be placed on such information. The Company disclaims any intention or obligation to
update or revise any forward -looking information, whether because of new information, future
events or otherwise, other than as required by applicable laws. For more information on the risks,
uncertainties and assumptions that could cause our actual results to differ from current
expectations, please refer to the Company’s public filings available under the Company’s pr ofile
at www.sedarplus.ca.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful, including any of the securitie s in the United States of America. The securities
described herein have not been and will not be registered under the United States Securities Act
of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold
within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation
S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws,
or an exemption from such registration requirements is available.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of
the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Greg Cameron, CEO
Terra Clean Energy Corp
Suite 2200, HSBC Building, 885 West Georgia St.
Vancouver, BC V6C 3E8 Canada
www.tcec.energy