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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (62)	8/1/2013 11:28:15 AM
From: Goose94	Read Replies (1) of 202400

Quaterra Resources (QTA-V) receives $1-million (U.S.) from Freeport Aug 1st, 2013 - News Release Freeport-McMoRan Mineral Properties Inc. (FMMP) has paid Quaterra Resources Inc. $1-million (U.S.) based on the acquisition of certain designated properties near Butte Valley, Nev. "We are pleased in these challenging market times to receive a $1-million (U.S.) cash payment, with no dilution, that will be used to continue work on the company's district-scale, 100-per-cent-owned Yerington copper project as well as general and administrative purposes. Quaterra retains upside through its right, if FMMP completes a positive feasibility study, to elect to acquire either a 30-per-cent working interest in the project or a 2-per-cent NSR royalty," said Dr. Tom Patton, president and chief executive officer of Quaterra. Butte Valley is a large, partially explored porphyry copper system located in eastern Nevada about 40 miles north of Ely in north-central White Pine county. The company will continue to focus on monetizing non-core assets and making other positive changes to increase the efficiency of its operations. We seek Safe Harbor.

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