Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices in
Quaterra Announces Non-Brokered Private Placement
Published : December 17, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Copper | Gold | Mexico | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2012) - Quaterra Resources Inc. (the "Company") (News - Market indicators)(NYSE MKT:QMM)(NYSE Amex:QMM) today announced that it is seeking TSX Venture Exchange and NYSE MKT approval for a non-brokered private placement offering (the "Offering") of up to US $2,275,000 gross proceeds.

The Offering will consist of up to 6,500,000 Units at US $0.35 per Unit. Each Unit is comprised of one common equity share of the Company and one non-transferable share purchase warrant exercisable to purchase one additional common equity share of the Company at a price of US $0.53 for a period of two years from the closing of the Offering subject to the following acceleration provision: if, at any time after four months from the date of closing of the Offering, the 5-day weighted average trading price of the Company's common stock on the NYSE MKT exceeds US$1.00 (the last day of such 5-day period being the "Trigger Date"), the Company will, within 7 days of the Trigger Date (the "Notice Date") accelerate the expiry date of the warrants by giving notice to the holders of the warrants that the expiry date of the warrants has been accelerated to 30 days after the Notice Date. Closing of the Offering is anticipated to be on or before December 22, 2012.

Proceeds of the Offering are intended to be used to fund the Company´s exploration and development programs at the Company´s silver and gold projects in Mexico and at the MacArthur and Yerington copper projects in Nevada, as well as general and administration expenses.

Finders´ fees, subject to regulatory approval, may be paid in cash, stock or a combination thereof, by the Company in relation to this Offering.

Quaterra Resources Inc. is a junior exploration company focused on making significant mineral discoveries in North America. The Company uses in-house expertise and its extensive network of consultants, prospectors 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,

Scott Hean, Chief Financial Officer, Quaterra Resources Inc.

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 therefrom.

Some statements contained in this news release are forward-looking statements within the safe harbor of the 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 this release and neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Quaterra Resources Inc.
Lauren Stope
Manager Communications
Companies Mentionned : Finders | Mineral Resources | Reliance |
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Quaterra Resources Inc.

Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Quaterra Res. is an exploration silver and copper company based in Canada.

Quaterra Res. holds various exploration projects in Mexico.


Quaterra Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 8.7 millions as of today (US$ 6.9 millions, € 6.3 millions).

Its stock quote reached its highest recent level on June 29, 2012 at CA$ 0.60, and its lowest recent point on February 13, 2015 at CA$ 0.04.

Quaterra Res. has 193 480 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Financings of Quaterra Resources Inc.
9/13/2013Closes Private Placement for Gross Proceeds of US$2,981,000
9/5/2013Announces Oversubscription of Private Placement
12/31/2012Closes Non Brokered Private Placement
12/31/2012Closes Non Brokered Private Placement
12/31/2012Closes Non Brokered Private Placement
12/31/2012Closes Non Brokered Private Placement
12/17/2012Announces Non-Brokered Private Placement
Nominations of Quaterra Resources Inc.
3/27/2015Announces Terry Eyton Joins Board of Directors
Financials of Quaterra Resources Inc.
4/5/2013Files Year End 2012 Audited Financial Statements
Project news of Quaterra Resources Inc.
9/19/2012(Nieves)Releases Favourable Preliminary Economic Asssessment on Niev...
7/19/2011(Macarthur)Delineates High-Grade, Acid-Soluble Copper Zone at MacArthur
6/28/2011(Yerington)Subsidiary Singatse Peak Services Commences Drilling at Yeri...
4/5/2011(Nieves)Expands Silver Mineralization at Nieves
3/29/2011(Duke Island)Provides Update on Duke Island
1/26/2011(Nieves)Drilling at Nieves Extends Silver Mineralized Zones
12/15/2010(Macarthur)Announces Significant Increase in Resource at MacArthur Copp...
11/24/2010(Cave Peak)Signs Earn-In Agreement With Freeport-McMoRan Mineral Proper...
9/9/2010(Macarthur)Drilling Continues to Expand Acid-Soluble Copper Zone at Mac...
6/16/2010(Duke Island)Announces Commencement of Drilling at SW Tintic, Duke Island...
1/26/2009(Macarthur)Announces Initial Resource Estimate For MacArthur Copper Dep...
8/6/2008(Macarthur)Extends Area of Primary Copper Mineralization in the Gallagh...
Corporate news of Quaterra Resources Inc.
9/19/2013Sells Three Properties in Central Mexico to Goldcorp and Ame...
8/1/2013Receives US$1,000,000 Cash Payment
6/13/2013and Goldcorp Extend Investment Framework Agreement
4/19/2013and Grande Portage File Amended Herbert Gold Project NI 43-1...
4/12/2013and Grande Portage File Herbert Gold Project; NI 43-101 Comp...
3/28/2013Adopts Advance Notice Policy for Director Nominations
2/28/2013and Grande Portage Announce Updated Independent Resource Est...
2/28/2013and Grande Portage Announce Updated Independent Resource Est...
11/14/2012(Nieves)Discovers New Silver Zone at Nieves
10/31/2012JV Partner Grande Portage Intersects High-Grade Gold on Thir...
10/9/2012JV Partner Grande Portage Announces 11.58 Meters of 24.37 Gr...
9/26/2012JV Partner Grande Portage Announces 6.46 Meters of 21.55 Gra...
9/6/2012Subsidiary Singatse Peak Services Reaches Agreement With EPA...
7/4/2011Options Microondas Precious Metal Prospect in Zacatecas, Mex...
5/12/2011Acquires Butte Valley Copper Prospect in Nevada
4/27/2011(Yerington)Subsidiary Singatse Peak Services Purchases Arimetco Assets ...
4/15/2011(Sw Tintic)Provides Status Report at SW Tintic, Utah and Peg Leg, Arizo...
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.045
03/27 15:54 -
Prev close Open
0.050 0.045
Low High
0.045 0.045
Year l/h YTD var.
0.040 -  0.050 -10.00%
52 week l/h 52 week var.
0.040 -  0.100 -35.71%
Volume 1 month var.
800 -10.00%
24hGold TrendPower© : 21
Explores for Copper - Gold - Molybdenum - Nickel - Platinum - Silver - Uranium
Interactive chart Add to compare
Print Compare Export
Last updated on : 4/27/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.