QTA Quaterra Resources Inc

Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE MKT:QMM) (the "Company" or
"Quaterra") announced today the successful closing of its private placement
offering, as previously announced on August 9, 2013 and September 5, 2013, for
gross proceeds of US$2,981,000. 


"This is a tremendous outcome for Quaterra and demonstrates the continued
suppport of our shareholders as we continue with further exploration and
development of our mineral property portfolio," said President and CEO Steven
Dischler. "This successful equity financing allows us to focus on monetization
of non-core assets while advancing our Yerington Copper projects. In addition,
and reinforcing our commitment to shareholders, all Quaterra directors and
officers participated in purchasing just over 12% of the total placement." 


The Company issued an aggregate of 29,810,000 units at a price of US$.10 per
unit for gross proceeds of US$2,981,000. Each unit will consist of one common
share of the Company and one non-transferable common share purchase warrant
exercisable into one common share at a price of US$0.15 for a period of 3 years
from the date of closing. Securities issued will be subject to a four-month plus
one day hold period from the closing date. Finders fees of US$23,450 were paid
in cash with regard to the sale of some of the units.


The Company has received approvals from the TSX Venture Exchange and the NYSE
MKT for the listing of the common shares underlying the units sold and issued
under the private placement. 


Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE MKT:QMM) is a junior exploration
company with a successful track record of making significant mineral discoveries
in North America with a focus on advancing it's Yerington Copper projects. The
Company uses in-house expertise and a network of consultants and industry
contacts to identify, acquire and evaluate prospects in mining-friendly
jurisdictions with the potential to host large and/or high-grade base and
precious metal deposits. 


On behalf of the Board of Directors, 

Mr. Steven Dischler, President & CEO 

Quaterra Resources Inc. 

Should you wish to receive news releases by fax please provide your contact
details to Quaterra at 604-681-9059 (direct), 1-855-681-9059 (toll free) or
email info@quaterra.com. 


Disclosure notes:

This press release, required by applicable Canadian laws, does not constitute an
offer of the securities described herein. These securities offered have not been
and will not be registered under the United States Securities Act of 1933, as
amended, or any state securities laws, and may not be offered or sold in the
United States or to U.S. persons unless registered or exempt from registration
requirements. 


Some statements contained in this news release are forward-looking statements
within the safe harbor of the United States Private Securities Litigation Reform
Act of 1995. These statements generally are identified by words such as the
Company "believes", "expects", and similar language, or convey estimates and
statements that describe the Company's future plans, objectives or goals. Since
forward-looking statements are based on assumptions and address future events
and conditions, by their very nature they involve inherent risks and
uncertainties. Further information regarding risks and uncertainties which may
cause results to differ materially from those projected in forward-looking
statements, are included in filings by the Company with securities regulatory
authorities. Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date thereof. The Company
does not undertake to update any forward-looking statement that may be made from
time to time except in accordance with applicable securities laws. References
may be made in this press release to historic mineral resource estimates. None
of these are NI 43-101 compliant and a qualified person has not done sufficient
work to classify these historic estimates as a current mineral resource. They
should not be relied upon and Quaterra does not treat them as current mineral
resources.


The TSX Venture Exchange and the NYSE MKT have not reviewed and do not accept
responsibility for the adequacy or accuracy of the contents of this news
release, which has been prepared by management.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Quaterra Resources Inc.
Mr. Steven Dischler
President & CEO
775-463-9600


Quaterra Resources Inc.
Scott Hean
CFO
604-641-2747
www.quaterra.com

Quaterra Resources (TSXV:QTA)
Historical Stock Chart
From Apr 2024 to May 2024

Quaterra Resources (TSXV:QTA)
Historical Stock Chart
From May 2023 to May 2024