The Conversation (0)
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.
Click here to read the Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) press release
Click here to see the Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) profile.
QTA:CA