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Terrace Energy Receives US$75 Million Credit Facility For Texas Project

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June 9, 2014

Terrace STS LLC, a wholly owned subsidiary of Terrace Energy Corp. (TSXV: TZR.V, OTC: TCRRF) received a US$75 million senior unsecured term credit facility from Houston-based Chambers Energy Capital, the company said June 9.

The credit facility will fund Vancouver, British Columbia-based Terrace’s STS Olmos project in McMullen and LaSalle counties, Texas, the company said.

The facility has a four-year term, the company said, and initially, only $50 million will be available until further approvals, the company added.

"We are extremely pleased to work with Chambers, a highly respected capital ...

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