Quaterra Reports on Corporate Matters
June 26 2014 - 3:19PM
Marketwired Canada
Quaterra Resources Inc. ("Quaterra" or "the Company") (TSX
VENTURE:QTA)(OTCQX:QTRRF) today announced that all resolutions were passed by
the requisite majority at its annual general meeting held in Vancouver, British
Columbia on June 25, 2014. Smythe Ratcliffe, Chartered Accountants were
re-appointed as auditors of the Company for the ensuing year and shareholders
approved the Company's 2014 10% rolling stock option plan.
The following incumbent directors were re-elected: Thomas Patton, Steven
Dischler, LeRoy Wilkes, Anthony Walsh, John Kerr, Todd Hilditch and Michael
Berry. Tracy Stevenson did not stand for re-election and the Company thanks him
for his valuable and dedicated service as a director over many years.
Following the annual general meeting, the board of directors re-appointed Steven
Dischler as President & CEO, Thomas Patton as Chairman, Scott Hean as CFO,
Eugene Spiering as VP Exploration and Lawrence Page, Q.C. as Corporate
Secretary.
The Company's report of voting results has been filed on the Company's website.
The Company also announces that it has granted incentive stock options under its
10% rolling stock option plan to directors, officers, employees and consultants
to purchase a total of 2,930,000 common shares at $0.10 per share exercisable
for a period of five years. The options are subject to acceptance for filing by
the TSX Venture Exchange.
On behalf of the Board of Directors,
Steven Dischler, President & CEO
Quaterra Resources Inc.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Quaterra Resources Inc.
Mr. Steven Dischler
President & CEO
775-463-9600
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