Quaterra Commences Trading on OTCQX International
February 07 2014 - 7:30AM
Marketwired
Quaterra Commences Trading on OTCQX International
NYSE delisting complete, trading continues on TSX Venture
Exchange
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 7, 2014) -
Quaterra Resources (TSX-VENTURE:QTA)(OTCQX:QTRRF) today announced
that its common shares commenced trading on the OTCQX International
quotation system under the symbol "QTRRF" effective at the market
open on Friday, February 7, 2014. Quaterra's common shares continue
to trade on the TSX Venture Exchange under the symbol "QTA".
The Company's shares were delisted from the NYSEMKT after the
close of trading yesterday following an announcement on January 17,
2014, of its intention to voluntarily delist from the NYSE.
The OTCQX International is a segment of the OTCQX marketplace
reserved for high-quality non-U.S. companies. Scardsdale Equities
LLC is acting as the Company's Principal American Liaison ("PAL")
on OTCQX, responsible for providing professional guidance on OTCQX
requirements. Investors will be able to find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We are pleased Quaterra has chosen to join OTCQX, our best
marketplace," said R. Cromwell Coulson, President and CEO of OTC
Markets Group. "Trading on OTCQX will allow Quaterra to preserve a
high-quality trading and information experience for its investors
and a commitment to shareholder value. We look forward to working
with Quaterra's management team during this transition."
Said Quaterra President and CEO Steven Dischler: "We are
committed to serving our U.S. investors by providing them with
access to the enhanced U.S.-based trading platform offered by
OTCQX. The OTCQX has earned a reputation for providing U.S.
investors with improved liquidity, transparency, superior
information, and easy access through their U.S. regulated
broker-dealers."
The delisting of Quaterra shares from the NYSEMKT will not
affect the listing of the shares on the TSX Venture Exchange where
they will continue to trade. Quaterra will comply with, and
continue to be subject to, the federal laws of Canada, the
jurisdiction in which Quaterra is incorporated, as well as Canadian
securities laws and corporate governance rules applicable to
Canadian publicly listed companies, including the rules of the
TSXV. It will continue to file reports with the SEC.
About Quaterra Resources, Inc.
Quaterra Resources Inc. (TSX-VENTURE:QTA)(OTCQX:QTRRF) is a
junior exploration and development company with a successful track
record of making significant mineral discoveries in North America.
The Company's primary objective is the advancement of its flagship
projects in the Yerington copper district, Nevada. The monetization
of non-core assets is in progress to accelerate this effort.
On behalf of the Board of Directors,
Mr. Scott Hean, CFO Quaterra Resources Inc.
Disclosure note:
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 this press release 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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Quaterra Resources Inc.Scott HeanCFO(604) 641-2747For
information on trading Quaterra stock on the OTCQX:Scarsdale
Equities LLCChristopher Thunen(415) 975-4305
Quaterra Resources (TSXV:QTA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Quaterra Resources (TSXV:QTA)
Historical Stock Chart
From Sep 2023 to Sep 2024