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.

Mercator Minerals Provides Update on Combination with Intergeo

Mercator Minerals Ltd announces that it has received correspondence from the Russian Federal Anti-Monopoly Services in connection with the Company’s application made with FAS, which is in respect to the proposed business combination between Mercator and Intergeo MMC Ltd announced on December 12, 2013.

Timmins Gold Reaches Deal With Sentry Investments To Settle Proxy Fight

Timmins Gold Corp. announced Wednesday that it has reached a settlement with its largest shareholder, Sentry Investments Inc. The settlement ends a contested proxy solicitation for the election of directors at Timmins Gold’s Annual General and Special Meeting of Shareholders scheduled for July 31, 2014.

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