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Published on 3/5/2008 in the Prospect News PIPE Daily.

New Issue: Exterra raises $1.1 million from private placement of stock

By Laura Lutz

Des Moines, March 5 - Exterra Energy Inc. completed a private placement of stock for $1.1 million.

The shares were priced at $0.75 apiece.

Proceeds will be used to expand and advance Exterra's projects and for general corporate purposes.

Exterra is a Houston-based emerging oil and gas exploration and production company.

Issuer:Exterra Energy Inc.
Issue:Stock
Amount:$1.1 million
Price:$0.75
Warrants:No
Settlement date:March 5
Stock symbol:OTCBB: EENR
Stock price:$1.35 at close March 4

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