- Quaterra Resources (QTA) has completed an oversubscribed second tranche of its non-brokered private placement
- The second tranche generated gross proceeds of US$771,820
- Combined with the first tranche, Quaterra has raised a total of US$2,338,170
- Quaterra is also increasing the total offering to up to an aggregate of $2.7 million in gross proceeds and is planning to complete a third tranche
- Quaterra Resources Inc is a Canadian mineral exploration company engaged in the exploration and development of copper projects in Nevada
- Quaterra Resources Inc. (QTA) opened trading at C$0.09 per share
Quaterra Resources (QTA) has completed an oversubscribed second tranche of its non-brokered private placement.
Stephen Goodman, President of Quaterra commented on the placement.
“The company appreciates the support of existing shareholders and insiders, and welcomes our new investors.”
Proceeds will be allocated to the MacArthur copper oxide project in Nevada, and for general working capital.
The second tranche consisted of 12,863,669 units at a price of US$0.06 per unit for gross proceeds of US$771,820.
Combined with the first tranche, Quaterra has raised a total of $2,338,170.
Quaterra is also increasing the total offering to up to an aggregate of $2.7 million in gross proceeds and will seek to complete a third tranche.
Each unit consists of one common share and one share purchase warrant.
The securities issued will be subject to a hold period expiring on January 28, 2022.
The company paid a total of US$17,354 and issued 289,240 finder’s warrants to PI Financial Corp. and Haywood Securities Inc.
Quaterra Resources Inc is a Canadian mineral exploration company engaged in the exploration and development of copper projects in Nevada.
Quaterra Resources Inc. (QTA) opened trading at C$0.09 per share.
