Quaterra Resources Inc. (the "Company") (TSX VENTURE:QTA)(NYSE Amex:QMM) has granted incentive stock options to directors, officers and consultants under its stock option plan for the acquisition of 2,305,000 common shares of the Company exercisable for five years at a price of $1.02 per share.
Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter
Consequent upon the execution of stock option cancellation agreements with non insider Optionees, and subject to any required acceptance by the TSX Venture Exchange, the Company proposes to enter into option agreements with such non insiders to grant options to purchase up to an aggregate of 2,721,000 common shares of the Company exercisable for five years at a price of $0.98 per share.
All options granted are subject to a four month hold period. Quaterra Resources Inc. is a junior exploration company focused on making significant mineral discoveries in North America. The Company uses in-house expertise and its network of consultants, prospectors and industry contacts to identify acquire and evaluate prospects in mining-friendly jurisdictions with the potential to host large and/or high-grade base and precious metal deposits. The Company's preference is to acquire a 100% interest in properties on reasonable terms and maintain this interest through initial exploration and evaluation. Expanded information about the Company is described on the company website. Source Quaterra Resources Inc.
Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website
About Best Damn Penny Stocks
Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
