QUATERRA RESOURCES INC | CIK:0001339688 | 3

  • Filed: 3/29/2018
  • Entity registrant name: QUATERRA RESOURCES INC (CIK: 0001339688)
  • Generator: Compliance Xpressware
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1339688/000106299318001416/0001062993-18-001416-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1339688/000106299318001416/qtrrf-20171231.xml
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  • ifrs-full:DisclosureOfRelatedPartyExplanatory

    10.

    RELATED PARTY TRANSACTIONS


      a)

    The Company’s related parties include its directors and officers who are the key management of the Company. The remuneration of directors and officers was as follows, subject to change of control provisions for officers:


        Year ended December 31,  
        2017     2016     2015  
         $      $      $  
    Salaries   431     367     517  
    Directors' fees   36     36     18  
    Share-based payments   88     85     146  
        555     488     681  

      b)

    Manex Resource Group (“ Manex ”) is a private company owned by the Company’s Corporate Secretary Mr. Lawrence Page. During the year ended December 31, 2017, the Company paid $120,129 (CAD$156,000) to Manex for its Vancouver office space and general office services. The five-year service contract expired on August 31, 2017, and the Company currently is on a month-to-month basis.