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Warrants Alert

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Address: 2000 - 1177 Hasting St W
Vancouver BC V6E 2K3
Phone: 604 689 8550
Fax: 604 689 8556
Website - http://www.quadramining.com/s/Home.asp
 
Warrant Symbol - QUA.WT
Number Trading - 5.2 million
Expiration Date - May 8, 2010
Cusip - 747319 11 9
Exercise Price - $20.00

Warrants called to trade news:
 
Quadra 10.4 million shares list if, as and when issued
 
2007-05-04 13:33 MT - Prospectus Approved
TSX bulletin 2007-0594
The following trader note was issued by the Toronto Stock Exchange on Friday, May 4, 2007, at 2:01 p.m.
 
Common share symbol: QUA.W
Common share Cusip No.: 747319 99 4
Common share currency: Canadian dollars
Warrant symbol: QUA.WT
Warrant Cusip No.: 747319 11 9
Warrant currency: Canadian dollars
 
Further to TSX bulletin 2007-0588 dated May 3, 2007, the additional common shares and common share purchase warrants will commence trading on an if, as and when-issued basis at 2:30 p.m. on Friday, May 4, 2007.

The offering is for 10.4 million units at a price of $12.60 per unit, with each unit consisting of one common share and one-half of a warrant. Each whole warrant will be exercisable into one common share at a price of $20 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.

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