0001144204-11-052768.txt : 20110913 0001144204-11-052768.hdr.sgml : 20110913 20110913165119 ACCESSION NUMBER: 0001144204-11-052768 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110731 FILED AS OF DATE: 20110913 DATE AS OF CHANGE: 20110913 EFFECTIVENESS DATE: 20110913 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TERRACE VENTURES INC CENTRAL INDEX KEY: 0000821899 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 912147101 STATE OF INCORPORATION: NV FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-50569 FILM NUMBER: 111088508 BUSINESS ADDRESS: STREET 1: 810 PEACE PORTAL DR STREET 2: SUITE 201 CITY: BLAINE STATE: WA ZIP: 98230 BUSINESS PHONE: 360-220-5218 MAIL ADDRESS: STREET 1: 810 PEACE PORTAL DR STREET 2: SUITE 201 CITY: BLAINE STATE: WA ZIP: 98230 NT 10-Q 1 v234790_nt10q.htm FORM NT 10-Q Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25
Notification of Late Filing

SEC FILE NUMBER
000-50569
CUSIP NUMBER
 

(Check One):

o Form 10-K   o Form 20-F   o Form 11-K   x Form 10-Q   o Form 10-D   o Form N-SAR   o Form N-CSR

For Period Ended:   July 31, 2011

o Transition  Report on Form  10-K
o Transition  Report  on Form  20-F
o Transition  Report on Form 11-K
o Transition  Report  on  Form  10-Q
o Transition Report on Form N-SAR
 
For the Transition Period Ended: _________


Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 
Part I - Registrant Information

TERRACE VENTURES INC.
Full Name of Registrant

NOT APPLICABLE
Former Name if Applicable

810 Peace Portal Drive, Suite 201
Address of Principal Executive Office (Street and Number)

Blaine, WA  98230
City, State and Zip Code
 
 
 
 
 
Part II - Rules 12b-25(b) and (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box, if appropriate)
 
    (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
       
x   (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
       
    (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
 

Part III - Narrative

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the  transition  report or portion  thereof,  could not be file within the prescribed period.

Management of Terrace Ventures Inc. (the “Company”) was unable to obtain the business information necessary to complete the preparation of the Company’s interim financial statements for the three months ended July 31, 2011 and the review of these financial statements by the Company’s auditors in time for filing. Such information is required in order to prepare a complete filing. As a result of this delay, the Company is unable to file its Quarterly Report on Form 10-Q within the prescribed time period without unreasonable effort or expense. The Company expects to file within the extension period.

 
Part IV - Other Information

(1)   Name and telephone number of person to contract in regard to this notification.
 
HOWARD THOMSON   (360)   220-5218
(Name)   (Area Code)   (Telephone Number)

(2)   Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?  If the answer is no, identify report(s).
 
x Yes o No

(3)   Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
 
o Yes x No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

TERRACE VENTURES INC.
(Name of Registrant as specified in charter)

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
 
       
Date: September 13, 2011
By:
/s/ Howard Thomson  
    HOWARD THOMSON  
    Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and Director