Nov 9 (Reuters) - Claren Energy Corp CEN.V :
* Claren Energy to pursue spin-off of Australian assets
* Claren Energy - entered into arrangement agreement with unit Terra Nova resources
* Claren Energy- intends to carry out a plan of arrangement whereby Terra Nova will be listed as a separate company on Canadian Securities Exchange
* Claren Energy - as per agreement, co to pursue spin-off of working interests in 2 onshore petroleum exploration licenses located in Cooper Eromanga Basin
* Claren Energy-according to terms, each Claren shareholder to receive one Terra Nova share for every 10 Claren shares held by such Claren shareholder