Quaterra Resources Inc. (TSXV:QTA) announced a private placement of units for gross proceeds of $100,000 on January 2, 2017. Each unit comprises one non-transferable convertible redeemable $1,000 principal amount promissory note and 11,442 non-transferable share purchase warrants. The transaction included participation from an investor. The company will issue securities pursuant to exemption provided under Regulation D.