Quaterra Resources Extends Share Purchase Warrants Expiry Date

Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) reported that it proposed to extend the expiry date of 29,810,000 share purchase from September 13, 2016, to September 13, 2018. According to CEO Steven Dischler, the extension ” provides additional time to warrant holders who supported our company through a private placement during recent turbulent financial markets”.

As quoted in the press release:

proposes to extend the expiry date of 29,810,000 share purchase warrants with an exercise price per share of US$0.15 from September 13, 2016, to September 13, 2018. The warrants were originally issued pursuant to a private placement transaction that completed in September 2013.

“The extension of the expiry date provides additional time to warrant holders who supported our company through a private placement during recent turbulent financial markets,” said Quaterra President and CEO Steven Dischler. “Funds from this transaction helped afford the Company the opportunity to sell non-core assets and concentrate on development of our principal property at Yerington, Nevada.”

The extension of the warrant expiry date is subject to TSX Venture Exchange acceptance.

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