Day: July 3, 2014

Bearing Provides Drill Results From Pedro Gold Project, Mexico

Bearing Resources Ltd. has received the drill results from Newmont de Mexico, S.A. de C.V, a wholly owned subsidiary of Newmont Mining Corporation, from its recently completed drill program on Bearing’s 100% owned Pedro property in Durango Mexico. Newmont terminated the option agreement on Pedro with an effective date of July 11, 2014.

Bearing Provides Drill Results From Pedro Gold Project, Mexico

Bearing Resources Ltd. has received the drill results from Newmont de Mexico, S.A. de C.V, a wholly owned subsidiary of Newmont Mining Corporation, from its recently completed drill program on Bearing’s 100% owned Pedro property in Durango Mexico. Newmont terminated the option agreement on Pedro with an effective date of July 11, 2014.

Quaterra Announces Closing of Non-Brokered Private Placement

Quaterra Resources Inc. today announced that it has closed the previously announced non-brokered private placement of up to US$500,000 of units, each Unit priced at US$1,000 and comprised of one Non-Transferable Convertible Redeemable US$1,000 Principal Amount Promissory Note and 11,442 Non-Transferable Common Share Purchase Warrants. Quaterra received subscriptions aggregating US$500,000, which amount has been added to the Company’s working capital, and, accordingly, has issued Notes aggregating US$500,000 principal amount and 5,721,000 Warrants entitling the purchase of up to 5,721,000 fully paid common shares of Quaterra at CDN$0.16 per share until January 2, 2016, subject to the Company’s right to accelerate the expiry date in certain circumstances.

Quaterra Announces Closing of Non-Brokered Private Placement

Quaterra Resources Inc. today announced that it has closed the previously announced non-brokered private placement of up to US$500,000 of units, each Unit priced at US$1,000 and comprised of one Non-Transferable Convertible Redeemable US$1,000 Principal Amount Promissory Note and 11,442 Non-Transferable Common Share Purchase Warrants. Quaterra received subscriptions aggregating US$500,000, which amount has been added to the Company’s working capital, and, accordingly, has issued Notes aggregating US$500,000 principal amount and 5,721,000 Warrants entitling the purchase of up to 5,721,000 fully paid common shares of Quaterra at CDN$0.16 per share until January 2, 2016, subject to the Company’s right to accelerate the expiry date in certain circumstances.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.