VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 07/09/12 — Terrace Energy Corp. (TSX VENTURE: TZR) (the “Company”) announces it has granted incentive options to an officer of the Company entitling her to purchase up to 75,000 common shares in the capital of the Company at the price of $1.35 per share for a period of five years. The options vest 10% immediately and 15% every six months thereafter.
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. It currently has two principal properties situated in Texas with targets in the “Olmos” and “Eagle Ford” formations.
APPROVED BY THE BOARD OF DIRECTORS
Eric Boehnke, Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Terrace Energy Corp.