VANCOUVER, BC--(Marketwired - March 20, 2017) - Quaterra Resources Inc. ("Quaterra" or the "Company") (
The Company has received approval of the TSX Venture Exchange to convert the interest portion of US$79,972.60 due on some of the Notes into 880,898 shares ("Interest Shares"). The remaining interest of US$53,315.07 will be paid in cash.
With the issuance of 7,489,898 Principal and Interest Shares, the Company extinguishes US$579,972.60 of indebtedness.
About Quaterra Resources Inc.
Quaterra Resources Inc. (
On behalf of the Board of Directors, Thomas Patton, Chairman and Chief Executive Officer Quaterra Resources Inc.
This press release, required by applicable Canadian laws, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, or any State securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information please contact: Gerald Prosalendis President and COO Quaterra Resources Inc. 604-641-2780
