Quadra Mining Ltd.

Quadra Mining Ltd.

June 10, 2008 09:03 ET

Quadra Repays First Lien Debt Facility

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2008) - Quadra Mining Ltd. ("Quadra" or "the Company") (TSX:QUA) announces that the Company's wholly owned subsidiary, Robinson Holdings (USA) Ltd has paid US$154.6 million dollars to retire its first lien debt. The repayment amount includes a premium and accrued interest above the principal amount of US $150 million.

About Quadra Mining Ltd. (TSX:QUA)

Quadra is a British Columbia corporation based in Vancouver and is a mining company whose principal assets are the Robinson Mine in Nevada, producing copper and gold, the Carlota copper leach project under construction in Arizona, the Sierra Gorda advanced exploration copper-molybdenum project in Chile and the Malmbjerg molybdenum development project in Greenland. The Company has the 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

  • Media and Investor Relations Contact
    Quadra Mining Ltd.
    Sophie Taylor, Manager, Investor Relations
    (604) 689-8550
    Quadra Mining Ltd.
    Paul Blythe
    President & CEO
    (705) 444-1316