Quaterra $5.25 Million Private Placement Subscribed; Announces Additional $4.03 Million Offering
2006-12-14 News Release
Proceeds of the offering will be used primarily to fund three separate exploration/drilling programs during the first half of 2007. These programs will include Northern Arizona breccia pipe targets; the MacArthur, Nevada copper prospect; and the Crestones gold prospect in Durango, Mexico.
Dr. Thomas Patton is the qualified person responsible for the preparation of this news release.
On behalf of the Board of Directors,
Thomas Patton, President Quaterra Resources Inc.
Expanded information on the company’s projects is described on our website at www.quaterraresources.com or contact Jay Oness at 1-888-456-1112, 604-681-9059 or email: firstname.lastname@example.org
Statements contained in this news release that are not historical facts are forward-looking statements as the term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Quaterra relies upon litigation protection for forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.