starting small
7 years ago
Here is a list of companies that's on my list and I call these my dynamite companies cause they could explode to there all time highs and sooner then we all think . (AWWI) Alpha Wastewater INC. , (BVTK) Bravatek Solutions INC. , (CYNS) Cygnus Oil & Gas , (CJTF) Gold & Silver Mining of Nevada INC. , (GMUI) Gold Mining USA INC. , (NWURF) NWT Uranium Corp. , (SAGD) South American Gold Corp. , (TAUG) Tauriga Sciences INC. , (TVER) Terrace Ventures INC. , and last but least which this one is my favorite cause it pays dividends every quarter (NAO) Nordic American Offshore LTD .
stocktrademan
10 years ago
$TVER recent news/filings
bullish
## source: finance.yahoo.com
Fri, 11 Jul 2014 10:02:44 GMT ~ TERRACE VENTURES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibit
read full: http://biz.yahoo.com/e/140711/tver8-k.html
*********************************************************
Mon, 23 Jun 2014 17:25:50 GMT ~ TERRACE VENTURES INC Files SEC form 8-K, Regulation FD Disclosure
read full: http://biz.yahoo.com/e/140623/tver8-k.html
*********************************************************
Sat, 29 Mar 2014 17:04:11 GMT ~ TERRACE VENTURES INC Financials
read full: http://finance.yahoo.com/q/is?s=tver
*********************************************************
Wed, 26 Mar 2014 15:59:34 GMT ~ TERRACE VENTURES INC Files SEC form 10-Q, Quarterly Report
read full: http://biz.yahoo.com/e/140326/tver10-q.html
*********************************************************
Wed, 19 Mar 2014 17:15:23 GMT ~ TERRACE VENTURES INC Files SEC form 10-Q, Quarterly Report
read full: http://biz.yahoo.com/e/140319/tver10-q.html
*********************************************************
$TVER charts
basic chart ## source: eoddata.com
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/TVER/company-info
Ticker: $TVER
OTC Market Place: OTCQB
CIK code: 0000821899
Company name: Terrace Ventures, Inc.
Incorporated In: NV, USA
Business Description: Terrace Ventures (will become Sporg Online Registrations Solutions pending final merger approval and closing), is a developer and provider of online software that allows any organization totake complete control over their registration and donation collection programs.
$TVER share structure
## source: otcmarkets.com
Market Value: $2,652,853 a/o Jul 17, 2014
Shares Outstanding: 33,160,660 a/o Sep 11, 2012
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$TVER extra dd links
Company name: Terrace Ventures, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/TVER/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/TVER/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=TVER+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=TVER+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=TVER+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/TVER/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/TVER/news - http://finance.yahoo.com/q/h?s=TVER+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/TVER/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/TVER/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/TVER/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/TVER/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/TVER/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/TVER/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/TVER/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/TVER/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=TVER+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/TVER
DTCC (dtcc.com): http://search2.dtcc.com/?q=Terrace+Ventures%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Terrace+Ventures%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Terrace+Ventures%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/TVER/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/TVER
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/TVER/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/TVER/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/TVER/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000821899&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/TVER/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/TVER/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/TVER/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/TVER/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=TVER&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=TVER
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/TVER/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=TVER+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=TVER+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=TVER
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=TVER
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=TVER+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/TVER/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=TVER+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/TVER.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=TVER
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/TVER/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/TVER/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/TVER/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/TVER/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/TVER
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/TVER
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/TVER:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=TVER
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=TVER
$TVER DD Notes ~ http://www.ddnotesmaker.com/TVER
b11k
db7
12 years ago
Description of Property
The Golden Snow Project consists of 111 unpatented mining claims covering approximately 3.5 square miles. The titles to the property will expire on September 1, 2012 if we do not renew the claims.
Location, Access, and Physiography
The Golden Snow Project is contiguous to the southern end of Staccato Gold’s Lookout Mountain property, which has identified several mineralized areas. The Golden Snow Project is located in the Battle Mountain-Eureka Trend, approximately eight miles south of the East Archimedes gold deposit where Barrick Gold Corporation is currently mining a Carlin- type sediment hosted gold deposit. The Eureka district is at the south end of a northerly trending series of intrusives.
4
Figure 2
Location of Golden Snow Project
5
Property History
Exploration in the Eureka District commenced in the 1860s. The Company does not have any records of exploration work conducted on the Golden Snow Project prior to 2006.
In 2006, Minterra Resources acquired the Golden Snow Project. After its acquisition, Minterra Resources commenced a gravity survey and a 95 line kilometer ground magnetic survey across the Golden Snow Project. The gravity data identified two up-thrown (horst) blocks and the magnetic data indicate a prominent circular high that is approximately 2,782 feet in diameter and has a similar signature to Eocene age intrusive and extrusive rocks throughout the Eureka District. Processing of the gravity data by Wright Geophysics identified a number of geophysical linears and Wright also interpreted the magnetic data which shows a prominent circular high that is approximately 2,800 feet in diameter; this has a signature similar to Eocene age intrusive and extrusive rocks associated with mineralization throughout the Eureka District.
In 2007, Minterra Resources completed a 932 sample soil geochemistry program designed to further refine and evaluate the prominent horst-bounding faults. Analysis of the data produced numerous large, coherent, multipoint clusters of anomalous gold, arsenic, antimony, mercury, lead, zinc and barite. Anomalous gold, silver and trace element values from the 2006 soil geochemical program coincided with fault zones outlined by the geophysical-gravity data.
Geology
Many of the sediment-hosted gold deposits in Nevada appear to have developed at or near platform margin/basin margin sites where mineralization is found to be disseminated along the “low-stands” or karsted zone separated different stratigraphic units. The Golden Snow Project is positioned along this major platform margin that extends northwards to Cortez Hills, Pipeline and beyond. Future study of the location of these platform margins may result in the discovery of additional world-class gold deposits in Nevada.
Gold mineralization has come up along the host margin where Devonian age rocks are in contract with the Cambrian age rocks. The mineralization is not only found within the feeder fault, but it is also disseminated out along these “low-stand zones” which are commonly the break between different rock formations. Another example of the same host margin mineralization can be seen in a cross section of the mineralization at Lone Tree. Mineralization has also been discovered along the Wayne Zone Fault, which forms the western edge of the horst, and spreads out along favorable host rocks. Both styles of mineralization appear to potentially exist at the Golden Snow Project.
The geology of the Golden Snow Project has been interpreted to consist of Devonian age rocks striking north/south and trending southward under pediment cover. It has also been interpreted that the Cambrian section is possibly in fault contact with the Devonian section. Both rock types are favorable host rocks for Carlin-style mineralization throughout Nevada, especially in the Eureka Area.
The following sets out the geological units exposed on the Golden Snow Project:
Bay State Dolomite – The Bay State Dolomite is a massive dark grey to black to purplish dolomite which is reported to be 600-850 feet thick in the Eureka Area. The lower portion of this unit is made up of irregular bedded light-grey, dolomite sandstone. The upper portion is in gradational contact with the overlying Devils Gate Limestone.
Sentinel Mountain Dolomite – The Sentinel Mountain Dolomite gradationally overlies Oxyoke Canyon. It is composed of alternating, thick-bedded, coarse-grained, light-gray dolomite and motted, finely laminated, chocolate brown dolomites with a strong petroliferous odor when broken. It ranges in thickness from 410 feet to 600 feet.
6
Oxyoke Canyon – The Oxyoke is predominantly light gray to brown weathering, fine to medium-grained, quartz sandstone with a dolomatic matrix. It ranges in thickness of less than 20 feet up to 400 feet thick throughout the Eureka Area.
Sadler Ranch – The Sadler Ranch locally has been divided up into an upper and lower dolomite and a middle crinoidal dolomite. The lower dolomite is a medium to thick-bedded, very finely grained, light gray to yellowish-gray dolomite. The middle crinoidal dolomite is a light to medium-gray, poorly bedded, laminated to cross-laminated, crinoidal packstone with thin lenses of mudstone and packstone. The upper dolomite is a medium to thick-bedded, very fine-grained, light-gray laminated dolomite. The thickness of this unit varies from 90 feet to 450 feet.
McColley Canyon/Bartine Member – The McColley Canyon is dominantly a medium to thick bedded gray limestone with interbedded light brown-gray fossiliferous and organic-rich dolomite. The Bartine is composed of thin to medium-bedded, medium-gray, fine grained limestone and yellowish argillaceous limestone with abundant brachiopods. Some people combine these units whereas others map them as separate units. These rocks vary from 330 feet to 650 feet thick.
Beacon Peak Dolomite – This unit is a massive, light gray to brown, finely laminated dolomite, with local thin beds of finely laminated dolomite and thin lenses of well rounded, quartz-rich sandstones with a dolomitic matrix. The average thickness is 328 feet.
Mineralization
Two major target zones exist on the Golden Snow Project. These primary targets would be eastern and western boundary of the horst block. Both the eastern and western edge extends for over 15,000 feet as shown by gravity geophysics. Only drill hole ELP-8 drilled close enough to the eastern edge of the gravity high to test for possible mineralization. The remaining holes were either far to east and out into the abyss, or too far west of the eastern horst fault and on top of the gravity high.
A magnetic survey run over the eastern portion of the claim block shows a magnetic high and has been interpreted to be an intrusive as opposed to volcanics. This area is also a potential favorable target area for gold and base-metal mineralization.
Numerous anomalous zones with large, coherent clusters of anomalous gold, arsenic, antimony, mercury, lead and barite have been identified on the Golden Snow Project. The majority of the anomalies appear to be located in the northeastern and eastern and eastern portion of the claim block because of surface or near surface bedrock. These values are probably related to mineralization associated with the buried intrusive. Anomalous arsenic, antimony and mercury are present in the area of the Ratto Fault. Since these minerals are usually formed distal to gold in Carlin-style systems the geochemistry may indicate gold mineralization at depth.
Soil and Rock Geochemistry
Soil and Rock Geochemistry?Previous lessors completed a widespread soil geochemical sampling program on the Golden Snow Project (Minterra Resource Corp./Britannia Gold). The 2006 program was designed as a follow-up to their gravity and ground magnetic geophysical programs.
932 soils were collected on the west half of the property on lines spaced 800 feet apart with samples taken every 200 feet along each line. The lines were located to bracket the gravity linears; interpreted by Wright as bounding features of north-south trending “horst” and “graben” blocks. The linears are also interpreted as southward continuation(s) of the Ratto Ridge Fault zone which localized the mineralization drilled by Timberline Resources in the Lookout Pit and South Adit areas.
Reconnaissance geology and rock chip sampling during late 2011 and early 2012 identified “collapse breccia” features within the central portion of the claim block where it wraps around the Timberline claims. These contact and fault zones are located in areas not previously sampled and project under colluvial cover into areas targeted for exploration by the geophysical and 2006 geochemistry.
7
Seventy-two follow up soils were collected using the same layout as the 2006 samples to fill in the un-sampled prospective gap where the collapse brecciation was note. The samples were analyzed using the same protocol as the 2006 sample program.
Key data was contoured and incorporated with the previous property- wide dataset. The most significant results are shown by arsenic and gold. These are significant because the NE trends are parallel to both the favorable Bay State Dolomite (Dbp)/Oxyoke (Doc) contact along which distinct collapse zones were mapped.
Additionally, the NE trending faults appear to control these collapse zones as well as disrupt and offset the favorable host rocks.
There is a narrow zone of detectable gold which also parallels that trend and is similar to other gold- bearing contour zones in the north.
Barium shows a distinct anomalous zone in the new data that lies along the east side of the arsenic values and suggests zoning. This is what would be expected due to the barite associated with the gold deposits at Archimedes (Barrick-Ruby Hill) and the Lookout Pit (Timberline).
Silver and antimony do not appear to be significant relative to the collapse breccia features. However, recontouring the silver and antimony did indicate some distinct zoning peripheral to the magnetic high which Wright interpreted as a shallow intrusive on the east side of the project.
Gold in rock chip sampling also is correlative with the magnetically indicated intrusive margin. Although not spectacular in their magnitude, the data are very encouraging because all of the samples had detectable gold with a high value of 0.052 ppm Au. Most of the samples were collected from areas with a preponderance of jasperoid as subcrop or large boulders. These data are interpreted as representative of nearby bedrock rather than transported boulders or colluvium.
Current Exploration Activities
Mapping and reconnaissance work was conducted in late 2011 and early 2012 and identified collapse breccia features which have been recently identified in association with major Carlin-type sediment hosted gold deposits at Cortez Hills. Previous work by Timberline Resources mineralization was within collapse breccia zones. Gold is also associated with collapse breccia at the:
· Meikle Mine
· Rain Mine
· Railroad district in the southern Carlin Trend
An additional 72 soil samples were collected to help delineate the possible extension of the collapse breccia zones on the Golden Snow Project. Fourteen rock samples were collected to help characterize the area around the magnetically indicated intrusive.
Our consulting geologist recommends three reverse circulation drill holes for a total of 3,000 feet are proposed based on the compilation and evaluation of the data. Two of these holes will test likely locations for gold-bearing collapse breccias. The third hole will test adjacent to the probable intrusive indicated by the ground magnetic data.
db7
12 years ago
8k, " ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES
On May 22, 2012, we issued 3,290,000 shares of our common stock at a price of $0.05 per share for proceeds of $164,500 pursuant to Regulation S of the United States Securities Act of 1933 (the “Securities Act”). Each subscriber represented that they were not a “U.S. Person” as that term is defined in Regulation S of the Act.
On May 22, 2012, we issued 400,000 shares of our common stock a price of $0.05 per share for proceeds of $20,000 pursuant to Regulation D of the Securities Act. The subscriber represented that it was an “accredited investor” as defined in Regulation D of the Securities Act.
ITEM 5.06 CHANGE IN SHELL COMPANY STATUS
On April 26, 2011, we entered into an agreement with Pengram Corporation ("Pengram") dated April 26, 2011, as amended on June 29, 2011 (the "Earn-In Agreement") whereby we will earn up to a 75% interest in Pengram's agreement with Scoonover Exploration LLC and JR Exploration LLC (the “Underlying Agreement”) to acquire the Golden Snow Property. The Golden Snow Property consists of 114 mineral claims located in the Eureka Mining District in Eureka County, Nevada. On May 22, 2012, we closed two private placement offerings for proceeds of $184,500 (the “Private Placements”). We have commenced our exploration program on the Golden Snow Property (the “Exploration Program”). As a result of our entry into the Earn-In Agreement, the completion of our Private Placements and the commencement of our Exploration Program, we have ceased to be both a shell company and an issuer described in paragraph (i)(1)(i) of Rule 144 of the Securities Act. Accordingly, we have included in this Current Report on Form 8-K the information that would be required if we were filing a general form for registration of securities on Form 10 as a smaller reporting company.
"
stkjunky
13 years ago
Howard Thomson has been our Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and our sole director since February 16, 2008. Mr. Thomson was employed from 1981 to 1998 in senior management positions with the Bank of Montreal, including 5 years as Branch Manager, 4 years as Regional Marketing Manager and 5 years as Senior Private Banker. Mr. Thomson retired from the Bank of Montreal in 1998. From February, 1999 to August 2006, Mr. Thomson served as a director and officer of Royalite Petroleum Company Inc. (formerly Worldbid Corporation), a company that specialized in international business-to-business and government-to-business facilitation service during Mr. Thomson’s term as a director and officer. Mr. Thomson currently serves as the sole executive officer and sole director of Terrace Ventures Inc., a public company quoted on the OTC Bulletin Board, engaged in the exploration of mineral properties.
stkjunky
13 years ago
Working on a little reseach on this CEO, Mr. Howard Thompson.
Will not have any time today to go further with this, but maybe this weekend??
Here is iwhat little I have found/have time to work on, so far.
Maybe someone else can pick up a little more??
Background for Howard Thomson
Employment History
Terrace Ventures, Inc.
Industry: Investment Banking , Mining , Metals & Mining
SIC Codes: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices
Company Description: Terrace Ventures Inc. (Terrace) is an exploration-stage company seeking to complete a business combination. As of April 30, 2009, the Company had no business operations. On April 29, 2009, the Company and its wholly owned subsidiary, Geobiz Systems Inc. (Geobiz), entered into an agreement with Marktech Acquisition Corp. and Worldbid International Inc. (Worldbid) whereby Geobiz will acquire Worldbid. (Source: 10-K)
Employment History
Terrace Ventures, Inc.
Greenlite Ventures Inc
Greenlite Ventures Inc
Worldbid Corporation
Worldbid Corporation
Worldbid Corporation
Bank of Montreal
Board Memberships and Affiliations
Board Member
Terrace Ventures, Inc.
Board Member
Greenlite Ventures Inc
Secretary, Treasurer, Chief
Royalite Petroleum Co Inc.
Board Member
Royalite Petroleum Co Inc.
DiamondFire
13 years ago
TVER just struck pay-dirt!
"Golden Snow is located in Eureka County, Nevada and is situated near several existing gold mines. Eight miles north of the Golden Snow Project is the East Archimedes Gold Mine where Barrick Gold Corporation is currently mining a Carlin-type sediment hosted gold deposit (677,000 ounces mined, 1.1 million ounces resource/reserve, as reported by the Geological Society of Nevada 2006 Special Publication #43). It is also contiguous to the southern end of Staccato Gold's South Eureka property, where Staccato has identified several mineralized areas and has defined a gold resource estimate at the Lookout Mountain deposit. Immediately north of the Golden Snow Property is Timberline Resources Lookout Mountain property. Timberline is conducting an aggressive drill program on its property and has recently published a resource estimate.
Substantial exploration has been conducted on the Golden Snow property including geologic mapping, 932 soil samples and detailed ground-based gravity geophysical surveys. Based on this work, several distinct target zones have been outlined and it is interpreted that the Ratto Ridge Fault zone, which controls the mineralization on the South Eureka property, continues south onto the Golden Snow property. These target areas are well located and the property is drill ready.
Subject to completion of financing, the Company intends to conduct an aggressive program of exploration on the property, including diamond drilling to determine if the surrounding identified ore bodies extend into the Golden Snow Property.": http://www.marketwire.com/press-release/terrace-ventures-signs-agreement-otcbb-tver-1507346.htm
IMO: They are getting a chance to buy up to 75 % of the mining rights of one of the most CURRENT prolific gold producing areas in the nation...if not the world. The area is famously known as the Golden Snow Project, and is located right in the middle of the Battle Mountain/Eureka Trend....check out the map on Wikipedia about Nevada and Carlin-type gold:
http://en.wikipedia.org/wiki/Carlin–type_gold_deposit
Barrick, the worlds largest gold mining company (ABX) is mining within miles of the Golden Snow area, where they have mined and have in reserves over a million ounces of gold so far....
Also keep in mind that Neveda is currently the number one State CURRENTLY in Gold mined.....so the Golden Snow property is in the MIDDLE of one of the most prolific current gold producing trends/areas in the United States...in the State which mines the most gold....
TVER is doing this deal with Pengram (PNGM), and there has already been some good DD and penny hype this year about Pengram --- with the Golden Snow property as the crowning jewel. Check out some of this info on the following links....:
http://www.pengramgold.com/properties/nevada-properties.html
http://www.thestockadvisor.com/
http://www.pngmnews.info/
Now TVER hasnt traded at all really, with hardly any volume to speak of....but the last reported O/S is only 9 million and float 6 million! Also, according to the above articles they are ready to drill....they know where through samples the gold most likely is....can you see why this Golden Snow property has been hyped already this year while owned by Pengram...?
...with any kind of interest and volume ???
db7
13 years ago
Terrace Ventures Announces Closing of Private Placements
Companies:TERRACE VENTURES NEW Related Quotes
Symbol Price Change
TVER.OB 0.06 +0.02
{"s" : "tver.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Terrace Ventures Inc. On Friday March 25, 2011, 9:30 am
BLAINE, WA--(Marketwire - 03/25/11) - Terrace Ventures Inc. (OTC.BB:TVER - News) (the "Company") announced today that it has closed private placements totaling an aggregate of 20,000,000 shares of the Company's common stock for gross proceeds of $200,000.
On June 8, 2010, the Company approved two private placements. A foreign private placement to non-US persons under Regulation S of up to 5,000,000 units at a price of $0.01 per unit, with each unit consisting of one common share and one share purchase warrant and a US private placement to accredited investors under Rule 506 of Regulation D of 5,000,000 units at a price of $0.01 per unit, with each unit consisting of one common share and one share purchase warrant. The warrants comprising a part of the units were exercisable to purchase an additional common share for two years at $0.01 per share. On February 28, 2011, when it became apparent that the private placements would be oversubscribed, the Company decided to drop the warrants from the units and to permit oversubscriptions of up to an aggregate number of shares equal to the number of shares that would have been issued if the offerings as originally contemplated had been fully subscribed and the warrants fully exercised (20,000,000 common shares).
The Foreign private placement was oversubscribed by 9,700,000 shares for a total of 14,700,000 shares and the US private placement was oversubscribed by 300,000 shares for a total of 5,300,000 shares with the result that an aggregate of 20,000,000 shares have been issued.
Contact:
Contact:For more information contact:Howard ThomsonTel: (360) 220-5218TERRACE VENTURES INC.801 Peace Portal Drive, Suite 202Blaine, WA 98230(360) 220-5218
bluester2112
17 years ago
Solara Deploys Its Advanced Technologies at Major US Automobile Parts Manufacturer
Last Update: 4:37 AM ET May 24, 2007
BLAINE, WA, May 24, 2007 (MARKET WIRE via COMTEX) -- Terrace Ventures Inc. (the "Company") (TVEN : terrace ventures inc com new
News , chart , profile , more
Last: 0.26-0.02-7.14%
7:50am 05/25/2007
Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
TVEN0.26, -0.02, -7.1%) announced today that its potential merger candidate, Solara Technologies Inc. ("Solara") has reported the following:
Solara has begun installing five (5) MultiVend, Multi-language with Digital Signage vending machines at Exedy Global Parts Corporation (USA) ("EXEDY"), a major autoparts manufacturer located in Mascot, Tennessee, as the first phase of a 54 machine technology upgrade. These machines are being deployed with SolaraRMT, SolaraGOLDENROAD and SolaraPRESENCE
Exedy is a Global Corporation with manufacturing facilities worldwide employing over 500 workers working in 3 shifts, 7 days a week at the Mascot facility alone. When the installation is complete, the machines will provide Multi-language, Multi-vend capabilities with the ability to manage the machines' inventory using SolaraRMT (Remote Management Technology). Users of vending machines equipped with Solaris' technology are able to visually select multiple products using an Internet style shopping cart on an LCD screen mounted in the door of the machine. Users can then pay for the products chosen by credit card using SolaraGOLDENROAD real-time credit card processing. In addition the Solara system is being customized to allow for Exedy employees to obtain products from the Vending machines using the employee cards provided to the employees by Exedy. These employee cards will be tied directly to Exedy's accounting system and the individual employee's payroll account through a highly secure encrypted process developed by Solara and managed by Exedy. Through the use of Solaras' advanced technology, Exedy will also be able to use the vending machine LCD screens to promote or advertise Company related information and announcements (SolaraPRESENCE).
Dorn Beattie, President and CEO of Solara, stated, "The demand for credit card acceptance in vending machines, now known as 'Cashless Vending,' is in high demand by vendors who are constantly plagued by cash management problems and inefficient cash-accepting hardware, like coin and bill acceptors, that are an ongoing high maintenance issue and the major cause of the all too familiar 'Out of Order' signs. Users are no longer limited to what they can purchase by the amount of change in their pocket."
A recent article in Automatic Merchandiser, a magazine for vending professionals, features Solara Technologies and the Solara MultiVend machine. http://www.amonline.com/publication/article.jsp?id=17346
According to Vending Times magazine, Survey of the Industry the vending industry sold more than $43.5 Billion USD in goods and services in 2001, and the industry's 9 million self-serve automated machines make up one of the largest distribution channels on the continent; and the last major market untapped by technology.
Vending Times also states that Vending, Amusement and Kiosk industry companies have 177,000 service vehicles on the road providing continent wide service for their equipment. Beattie noted that the efficiencies created by using real time inventory management will have a dramatic impact on vendors' bottom line, particularly in these times of extremely high fuel costs.
This press release may contain, in addition to historic information, forward-looking statements. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein, including, but not limited to, risks and uncertainties relating to the negotiation of a definitive agreement with Solara. There is no assurance that the Company will be able to reach a formal agreement to acquire Solara. Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.
For more information contact: Howard Thomson Tel: (360) 220-5218
SOURCE: Terrace Ventures Inc.
bluester2112
17 years ago
Terrace Ventures Inc. Announces Loan Agreement With Solara Technologies Inc.
Last Update: 10:44 AM ET May 23, 2007
BLAINE, WA, May 23, 2007 (MARKET WIRE via COMTEX) -- On May 18, 2007, Terrace Ventures Inc. (TVEN : terrace ventures inc com new
News , chart , profile , more
Last: 0.28-0.02-6.35%
10:43am 05/23/2007
Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
TVEN0.28, -0.02, -6.4%) (the "Company") entered into a loan agreement (the "Loan Agreement") with its proposed merger candidate, Solara Technologies Inc. ("Solara"), a British Columbia company. Under the terms of the Loan Agreement, the Company will loan the principal amount of $200,000 US to Solara. The loan matures May 25, 2008, and accrues interest at a rate of 8% per annum payable on maturity. $75,000 US of the loan proceeds have been advanced to date and the balance of $125,000 will be advanced on May 25, 2007.
The loan fulfills a requirement under the letter of intent dated February 28, 2007 between the Company and Solara outlining a proposed merger of the Company and Solara on a basis that will result in the existing shareholders of Solara owning approximately 70% of the issued and outstanding shares of the post-merger entity.
A formal agreement for the proposed merger is expected to be completed and executed in the near future. The merger will be subject to a number of customary conditions including the delivery by Solara of required financial statements, and approval by the shareholders of Solara.
Under the terms of the Loan Agreement, Solara is required to:
(a) enter into a formal merger agreement within 60 days of the date of the Loan Agreement;
(b) obtain shareholder approval of the proposed merger within 90 days of the date of the Loan Agreement;
(c) provide required financial statements within 90 days of the Loan Agreement; and
(d) complete the proposed merger within 120 days of the Loan Agreement.
Failure by Solara to meet the above obligations would entitle the Company to declare the loan in default. The loan is secured by an assignment of certain tax credits which Solara represents that it is entitled to claim and receive and have a value of not less than $200,000 US.
About Solara Technologies, Inc.
Solara Technologies, Inc. is a private British Columbia company engaged in the development of both hardware and software for the self-serve industries, including vending machines and kiosks. Solara has developed Remote Management Technology which is an internet-based, self-service, kiosk and vending machine system which can also deliver real time inventory and activity reports in multiple units in multiple locations, accessible by computer through any internet access. Solara Presence is a closed circuit digital point of sale advertising system, using either dedicated screens in various locations, or the touch screen machine menus when not in consumer usage.
This press release may contain, in addition to historic information, forward-looking statements. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein, including, but not limited to, risks and uncertainties relating to the negotiation of a definitive agreement with Solara. There is no assurance that the Company will be able to reach a formal agreement to acquire Solara. There is also no assurance that the Offering will be completed on the above terms or at all. Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities in the United States. The securities have not been registered under the United States Securities Act of 1933, as amended and may not be offered or sold within the United States or to U.S. persons unless an exemption from such registration is available.
For more information contact: Howard Thomson Tel: (360) 220-5218
SOURCE: Terrace Ventures Inc.
bluester2112
17 years ago
Terrace/Solara Merger Update
Last Update: 6:19 AM ET May 22, 2007
BLAINE, WA, May 22, 2007 (MARKET WIRE via COMTEX) -- Terrace Ventures Inc. (the "Company") (TVEN : terrace ventures inc com new
News , chart , profile , more
Last: 0.28-0.02-6.35%
10:35am 05/23/2007
Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
TVEN0.28, -0.02, -6.4%) announced today that it has entered into an agreement with Solara Technologies, Inc. ("Solara"), a private British Columbia company engaged in the development of both hardware and software for the self-service vending industry, effectively extending the terms of the previously signed letter of intent with the principal shareholder of Solara.
Pursuant to the terms of the existing letter of intent, the Company and Solara intend to complete a merger of the two companies such that following its completion the shareholders of Solara, immediately prior to the merger, will own 70% of the issued and outstanding shares of the resulting entity and the shareholders of the Company, immediately prior to the merger, will hold 30% of the resulting entity. If the merger is completed, the Company will take all steps necessary to ensure that at closing the board of directors of the resulting entity will consist of three members: the existing director of the Company; one director nominated by Solara; and one director nominated by both of the board members.
Under the terms of the letter of intent the closing of the merger is subject to a number of conditions, including: (i) delivery of all financial statements of Solara required under applicable securities rules; (ii) the Company providing Solara with a loan of $200,000 (the "Solara Loan") prior to closing of the merger; (iii) the parties enter into a formal agreement outlining the terms of the merger by no later than July15, 2007; and (iv) each of the parties satisfactorily completes their respective due diligence review. There is no assurance that the proposed transaction will be completed as planned or at all.
The new agreement between Solara and the Company extends the terms of the closing of the aforementionned merger agreement to allow Solara to provide its financial statements for the years 2006 and 2007 audited to US GAAP, and provides Solara 90 days from the date of the agreement to hold a shareholder vote to approve the proposed merger. The company has already received the vote of the controlling and largest shareholder of Solara approving the transaction.
Under the terms of the agreement the company will continue to advance funds to Solara to a total of $200,000 (the "Solara Loan"). To date the company has advanced a total of $75,000. The company and Solara have also agreed to enter into a formal agreement regarding the merger no later than July 15, 2007.
About Solara Technologies, Inc.
Solara Technologies, Inc. is a private British Columbia company engaged in the development of both hardware and software for the self-serve industries, including vending machines and kiosks. Solara has developed Remote Management Technology which is an internet-based, self-service kiosk and vending machine system which can also deliver real time inventory and activity reports in multiple units in multiple locations, accessible by computer through any internet access. Solara Presence is a closed circuit digital point of sale advertising system, using either dedicated screens in various locations, or the touch screen machine menus when not in consumer usage.
This press release may contain, in addition to historic information, forward-looking statements. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein, including, but not limited to, risks and uncertainties relating to the negotiation of a definitive agreement with Solara. There is no assurance that the Company will be able to reach a formal agreement to acquire Solara. There is also no assurance that the Offering will be completed on the above terms or at all. Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities in the United States. The securities have not been registered under the United States Securities Act of 1933, as amended and may not be offered or sold within the United States or to U.S. persons unless an exemption from such registration is available.
For more information contact: Howard Thomson Tel: (360) 220-5218
SOURCE: Terrace Ventures Inc.
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
Natural Trader
5 years ago
funnyG986
5 years ago
cotf
9 years ago
Hot Features
Premium
