Terrace Energy Corp.

Terrace Energy Corp. announces an amendment to its previously issued news release regarding the consolidation of its issued and outstanding share capital on the basis of one post-consolidated common share for every ten pre-consolidated common shares. The Company has not yet received approval for the Consolidation from the TSXV and will publish a news release correcting the effective date upon receipt of approval from the [...]

Terrace Energy Corp. announces that it is proceeding with a consolidation of its issued and outstanding share capital on the basis of one post-consolidated common share for every ten pre-consolidated common shares . No fractional shares will be issued as any fractional share will be rounded to the nearest whole number. The new CUSIP number will be 88103M201 and the new ISIN number will be CA88103M2013. The Company's name [...]

Terrace Energy Corp. announces that the Supreme Court of British Columbia has granted a final order approving the Company's previously announced plan of arrangement under the the Business Corporations Act. Pursuant to the Arrangement, all of the Company's outstanding convertible secured notes due in April 2021 and a guarantee claim in the amount of US$500,000 will be exchanged for newly issued common shares on the basis [...]

Terrace Energy Corp. announces a proposed Plan of Arrangement under the the Business Corporations Act, pursuant to which its outstanding convertible secured notes due in April 2021, of which $33,470,000 in aggregate principal amount was outstanding as of February 16, 2021 ) and a guarantee claim in the amount of US$500,000 will be exchanged for newly issued common shares on the basis of 20,000 Common Shares for each [...]

Terrace Energy Corp. provides the following update on corporate activities. Due to the drastic deterioration of energy commodity prices resulting from the COVID 19 Pandemic and the collapse of world-wide oil demand, the Company has determined that its partnership interest in its Maverick County exploration program no longer holds any commercially viable value. The Company had been pursuing efforts to market its interest [...]

 Terrace Energy Corp.  announces the resignation of Eric Boehnke from the Company's board of directors. The Company thanks Mr. Boehnke for his service and wishes him well in his new endeavors. About Terrace Energy Terrace Energy is an oil & gas development stage company that is focused on unconventional oil extraction in onshore areas of the United States. "Dave Gibbs" Dave Gibbs, President, CEO.  SOURCE [...]

VANCOUVER, Jan. 20, 2017 /CNW/ - Terrace Energy Corp. (the "Company") (TSXV: TZR) announces that George R. Morris, Senior Vice President and Chief Operating Officer, has resigned to pursue other opportunities. The Company thanks Mr. Morris for his service and wishes him well in his new endeavors. About Terrace Energy Terrace Energy is an oil & gas development stage company that is focused on unconventional oil extraction [...]

Terrace Energy Corp. provides the following update to stakeholders of the Company. Maverick County Project The Company and its partner have recently drilled and completed two successful Eagle Ford Shale wells on the 147,000 acre Maverick County Project. The Chittim Heirs #11H and Chittim Heirs #12H were both drilled from the same surface location with horizontal lateral lengths of approximately 4,800' into the Lower Eagle [...]

VANCOUVER, Oct. 18, 2016 /CNW/ - Terrace Energy Corp. (the "Company") (TSXV: TZR, OTCQX: TCRRF; FRANKFURT: 2TR) is pleased to announce the appointment of Jennie Choboter as its Chief Financial Officer. Ms. Choboter served as the Company's Chief Financial Officer during its formative years and thereafter as an accounting and financial consultant to the Company. Ms. Choboter is a Chartered Accountant with over 30 years of [...]

VANCOUVER, May 25, 2016 /CNW/ - Terrace Energy Corp. (the "Company" or "Terrace") (TSXV: TZR, OTCQX: TCRRF; Germany: 2TR) provides the following update to stakeholders of the Company. Financial Restructuring Plans The Company's wholly-owned subsidiary, Terrace STS, LLC ("STS"), was unable to satisfy certain financial ratio covenants set out in the credit agreement with its secured lender. STS and the lender, as a [...]