TERRACE ENERGY CORP. ("TZR")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: July 23, 2014
TSX Venture Tier 2 Company
The Company's Short Form Prospectus dated July 17, 2014 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia and Ontario Securities Commissions pursuant to the British Columbia and Alberta Securities Acts.
The prospectus was filed under Multilateral Instrument 11-102 Passport System in Alberta. A receipt for the Prospectus is deemed to be issued by the regulator in this jurisdiction, if the conditions of the instrument have been satisfied.
The Exchange has now been advised that the Offering closed on July 23, 2014.
TSX Venture Exchange has been advised that closing occurred on July 23, 2014, for gross proceeds of $20,017,000.
Underwriters: Canaccord Genuity Corp., Cormark Securities Inc., GMP Securities L.P., and Salman Partners Inc.
Offering: 10,820,000 shares.
Share Price: $1.85 per share.
Underwriters' Fee: The Underwriters received a cash commission equal to 6.5% of the gross proceeds of the offering.
Over-Allotment Option: The Underwriters may over-allot the shares in connection with this offering and the Company has granted to the Underwriters, an option to purchase up to 1,623,000 additional shares of the offering, at $1.85 per share up to the close of business 30 days after closing of the offering.
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