UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 2019
Commission File Number: 0-55139
QUATERRA RESOURCES INC.
(Translation of registrant's name into English)
1100-1199 West Hastings Street
Vancouver, BC V6E 3T5 Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
[ x ] Form 20-F [ ] Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED HEREWITH
Exhibits
Exhibit | Description | |
99.1 | News Release dated August 30, 2019 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
QUATERRA RESOURCES INC. | ||
(Registrant) | ||
Date: August 30, 2019 | By: | /s/ Lei Wang |
Lei Wang | ||
Title: | Chief Financial Officer |
August 30, 2019
QTA: TSX VENTURE
QTRRF: OTCQX International
Quaterra Announces Conversion of Convertible Debentures
VANCOUVER, B.C. - Quaterra Resources Inc. (the "Company") today announced that it has issued 11,769,230 units pursuant to conversions of its secured 10% convertible debentures having an aggregate principal amount of US$550,000 and C$50,000. Each unit consists of a share and a share purchase warrant. Each share purchase warrant entitles the holder to acquire an additional common share at a price of US$0.05 (C$0.065) and expires four years from the date the convertible debentures were issued. The Company has received approval of the TSX Venture Exchange to convert the interest portion of US$44,506.85 due on some of the convertible debentures into 1,077,066 shares.
The convertible debentures were originally issued in August and September of 2018 for gross proceeds of US$550,000 and C$550,000. Any remaining convertible debentures may be converted at C$0.10 per unit until February of 2020.
For more information please contact:
Arie Page, Assistant to the Corporate Secretary
Phone: 604-641-2777; Fax: 604-641-2740; Toll free: 1-855-681-9059
Email: apage@mnxltd.com
Gerald Prosalendis, President & CEO
Quaterra Resources Inc.
250-940-3581
Website: www.quaterra.com
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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.