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Message: News re: QTA-X, QMM-A deal with Coldcorp. WATCH the action on QTA-TSX tomorrow

News re: QTA-X, QMM-A deal with Coldcorp. WATCH the action on QTA-TSX tomorrow

posted on Dec 28, 2009 07:55PM

Quaterra Resources Inc | QMM-A

  • US$ 2.000 QMM-A hit high of $2.28 on US market today …
  • QTA – X closed at $1.86 in Toronto Dec.24/09
  • +0.200
  • +11.11%
  • Dec 28, 2009 15:59:31 EST

Open

2.230

Mkt Cap ($Mil)

175

High

2.280

EPS (ttm)

-0.07

Low

1.800

P/E (ttm)

-

Bid x20

1.800

Forward P/E

-

Ask x18

2.850

PEG (est. 5 yrs)

-

Volume

876,224

Annual Div.

-

52-wk High 12/28

2.280

Yield

-

52-wk Low 04/01

0.300

5-star Rating

-

Quaterra and Goldcorp Join Forces to Explore Central Mexico

Quaterra Resources Inc target private placement of US$10 million in the Company over two years.

Goldcorp has agreed to purchase 3,001,418 units of Quaterra for total consideration of US$4 million (price determined by the 10 day volume weighted target Chief Executive Officer, Quaterra Resources Inc.

On behalf of the

Some statements contained in this news release are forward-looking statements within the safe harbor of the Private Securities Litigation Reform Act of 1995. These statements generally are identified by words such as the Company "believes", "expects", and similar language, or convey estimates and statements that describe the Company's future plans, objectives or goals. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Further information regarding risks and uncertainties which may cause results to differ materially from those projected in forward-looking statements, are included in filings by the Company with securities regulatory authorities.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company does not undertake to update any forward-looking statement that may be made from time to time except in accordance with applicable securities laws. References may be made in press releases to historic mineral resource estimates. None of these are NI 43-101 compliant and a qualified person has not done sufficient work to classify these historic estimates as a current mineral resource. They should not be relied upon and Quaterra does not treat them as current mineral resources.

Expanded information on the Company's projects is described on our website at www.quaterra.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Similarly, the NYSE Amex has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contacts: Quaterra Resources Inc. Nicole Rizgalla 604-681-9059 or 1-888-456-1112 corpdev@quaterra.com www.quaterra.com

SOURCE: Quaterra Resources Inc.

mailto:corpdev@quaterra.com http://www.quaterra.com

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