newsQuaterra Resources Inc.: Stock Options Granted
via COMTEX
January 10, 2003
VANCOUVER, BRITISH COLUMBIA, Jan 10, 2003 (CCNMatthews via COMTEX) --
Quaterra Resources Inc. (QTA-TSX.VENTURE) reported today that the company has granted 1,900,000 incentive stock options to directors, officers, employees and contractors, each exercisable at $0.12 per share and for a period of five years.
The company also reported today that it has arranged a unit financing at $0.10 in the amount $300,000. The financing will consist of units having one share and one warrant, with each warrant exercisable for two years at $0.15. The granting of stock options and private placement are both subject to regulatory approval.
On behalf of the Board of Directors,
Thomas Patton, President, Quaterra Resources Inc.
Quaterra Resources Inc. Jay Oness (604) 681-9059 Email: corpdev@mnxltd.com Website: www.quaterraresources.com
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