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Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) has proposed an extension to share purchase warrants that had been issued pursuant to a private placement transaction completed in September 2013.
As quoted in the press release:
Quaterra Resources Inc. (“Quaterra”, the “Company”) 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.
Quaterra president and CEO Steven Dischler said:
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. 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.
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.
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