Quest Rare Minerals Ltd. entered into a purchase and sale agreement to acquire the remaining 50% stake in Alterra-Strange Lake Property from Alterra Resources Inc. for CAD 0.15 million.

Quest Rare Minerals Ltd. (TSX:QRM) entered into a purchase and sale agreement to acquire the remaining 50% stake in Alterra-Strange Lake Property from Alterra Resources Inc. for CAD 0.15 million in stock on September 16, 2015. As part of consideration, Quest Rare Minerals Ltd. issued 1.5 million shares for 50% stake in Alterra-Strange. The transaction is subject to Toronto Stock Exchange approval.