QUATERRA ANNOUNCES PRIVATE PLACEMENT
VANCOUVER, B.C. – Quaterra Resources Inc. today announced that the Company has received
conditional TSX Venture Exchange approval and is applying for AMEX approval of listing of such additional
shares for a non-brokered private placement of up to US$12,800,000, or 4,000,000 Units at a price of
US$3.20 per Unit (the “Offering”).
All the common shares and warrants issued pursuant to the Offering will bear a legend restricting the shares from
trading for a period of four months from closing and, in addition, will bear U.S. legending restricting sales except
outside the U.S. in accordance with Rule 904 of Regulation S or in the U.S. in accordance with applicable U.S.
securities laws and regulations. Closing is anticipated to occur imminently. Finders fees may be payable with
regard to the sale of some of the Units comprising the Offering.
Each Unit offered will include one common share and one half share purchase warrant, with one full warrant
exercisable to purchase one additional common share at US$4.20 per share for a period of 18 months from
closing. The warrants will contain a provision that in the event the Company’s shares trade at a closing price of
greater than US$5.50 per share for a period of 15 consecutive days at any time after six months from closing, the
Company may accelerate the expiry date of the Warrants by providing notice to the shareholders thereof and in
such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.
Proceeds of the offering will be used primarily to fund exploration and drilling programs at the MacArthur copper
project in Nevada; uranium pipe targets on the Arizona Strip; and general corporate purposes.
Quaterra Resources Inc. (AMEX: QMM; TSX-V: QTA) 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 co