VANCOUVER, Jan. 27, 2016 /CNW/ – Terrace Energy Corp. (the “Company”) (TSXV: TZR, OTCQX: TCRRF, Germany: 2TR) announced today that it will not be making the January 31, 2016 interest payment on its 8% convertible unsecured notes (the “Notes”) due 2018.

Pursuant to the…