Terra Nostra Resources Corporation (TNRO.OB) to Undertake New IPO
Terra Nostra Resources Corporation (TNRO.OB) announced that the company has agreed to undertake an initial public offering of their copper joint venture. Terra plants to list this company on the Main Board of Hong Kong Stock Exchange, targeting an initial $120,000,000 tender. The anticipated date for listing on the Hong Kong Exchange is midyear 2008. Currently, the company is proceeding with the initial incorporation of Strategic Metals Ltd. ("Sino Metals"), a wholly owned subsidiary, to undertake this IPO. "This is a unique opportunity to accelerate the Company's growth on favorable terms and to seize opportunities available to us in the…