Canadian Warrants

Subject to the closing of the prospectus offerings prior to the open on May 9, 2007, all trades in QUA.W, and QUA.WT for each of May 4, May 7, and May 8, 2007, will be for special settlement three business days after the trade date and will appear on the settlement report from CDS Clearing and Depository Services Inc. If the prospectus offering does not close, all if, as and when-issued trades will be cancelled. No securities will be delivered and no money will be owed by the purchasers to the sellers.
 
Quadra files prospectus for 10.4-million unit offering

2007-05-03 09:50 MT - Preliminary Prospectus
TSX bulletin 2007-0588
The following trader note was issued by Toronto Stock Exchange on May 3, 2007, at 8:51 a.m. (Eastern Time).
Quadra Mining Ltd. has filed a preliminary short form prospectus dated April 24, 2007, regarding a proposed public offering of 10.4 million units at a price of $12.60 per unit, each unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable into one common share at a price of $20.00 for a period of three years from the date of closing of the offering. The closing of the prospectus offering is anticipated to be prior to the open on Wednesday, May 9, 2007.

It is anticipated that, in the next few days, the company will file a final prospectus for its offering of units.

As soon as possible after the final prospectus is filed with the relevant securities commissions, the Toronto Stock Exchange will post the common shares and the warrants for trading on an "if, as and when issued" basis under the trading information set out below. Before the common shares and the warrants are posted for trading on such basis, the TSX will issue a trader note confirming the expected closing date of the prospectus offering. If and when the prospectus offering closes, the common shares and the warrants will be listed on the TSX.

Common shares
Symbol: QUA.W
Cusip No.: 747319 99 4
Trading: Canadian dollars

Warrants
Symbol: QUA.WT
Cusip No.: 747319 11 9

Trading: Canadian dollars
Designated market-maker: National Bank Financial Inc.
Other markets: None