Quaterra Resources Inc. (QTA.V) announced that its previously announced private placement was increased and has closed with the issuance of 6,541,571 units for gross proceeds of US$2,289,550.
Proceeds of the offering are intended to be used to fund the company's exploration and development programs at the company's silver and gold projects in Mexico and at the MacArthur and Yerington copper projects in Nevada, as well as general and administration expenses.
QTA is currently trading at 34 cents. Over 3,000 QTA shares have changed hands.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
