Terra Nova Changes Name to Claren Energy Corp.

Source: www.gulfoilandgas.com 11/14/2016, Location: North America

Terra Nova Energy Ltd. (TNVMF) has changed its name to Claren Energy Corp. and consolidated its issued and outstanding common shares on the basis of one post-consolidation common share for four pre-consolidation common shares. The Company's post-Consolidation common shares will trade on the TSX Venture Exchange under the symbol "CEN" effective November 14, 2016.

As a result of the Consolidation, the Company's 127,533,785 common shares were consolidated into 31,883,446 common shares. The purpose of the Consolidation and Name Change was to enhance the Company's ability to access capital markets and to enhance liquidity for its shareholders. Registered shareholders of the Company will receive new share certificates under the new CUSIP number, which is 180266108. Fractional shares will be rounded to the nearest whole number.


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