Quadra Mining Ltd.

Quadra Mining Ltd.

April 07, 2006 12:01 ET

Quadra Mining Ltd. Receives C$8,696,160 from Exercised IPO Warrants

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 7, 2006) - Quadra Mining Ltd. (the "Company" or "Quadra") (TSX:QUA) announces that all of the underwriters of the Company's initial public offering have exercised their broker warrants that were set to expire on April 8, 2006. Quadra has received total proceeds of C$8,696,160 and has issued 1,449,360 common shares from the treasury resulting from the exercise of such broker warrants.

The Company plans to use proceeds from the exercise of these warrants for general corporate purposes.

About Quadra Mining Ltd. (TSX:QUA)

Quadra is a British Columbia corporation based in Vancouver and is a copper producing company whose principal asset is the Robinson Mine in Nevada. The Company has a goal of becoming a mid-tier base metals development and operating company with interests in a number of advanced exploration, development and producing properties.

Contact Information

  • Quadra Mining Ltd.
    Sophie Taylor
    Manager, Investor Relations
    (604) 689-8550
    Quadra Mining Ltd.
    Bill Myckatyn
    (604) 689-8550