New Issue: Quaterra Resources completes C$4.94 million private placement of units

By Devika Patel

Knoxville, Tenn., Sept. 10 - Quaterra Resources Inc. said it has settled a C$4.94 million non-brokered private placement of units. The deal priced for C$6 million Aug. 19.

The company sold 8,235,643 units at C$0.60 apiece. Each unit consists of one common share and a half-share warrant. Each whole warrant is exercisable at C$0.75 for two years.

Proceeds will be used for exploration.

Based in Vancouver, B.C., Quaterra acquires and explores mineral properties in the Americas.

Issuer:	Quaterra Resources Inc.
Issue:	Units of one common share and a half-share warrant
Amount:	C$4,941,385.80
Units:	8,235,643
Price:	C$0.60
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.75
Agent:	Non-brokered
Pricing date:	Aug. 19
Settlement date:	Sept. 10
Stock symbol:	TSX Venture: QTA
Stock price:	C$0.77 at close Aug. 19
Market capitalization:	C$61.3 million

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