News: 1M Share PP @ $1.00Interesting considering QEC closed at $0.69 on 10k shares today.
Questerre Announces $1 Million Private Placement
Marketwire
Questerre Energy Corporation
November 22, 2007 - 12:15:03 AM
Questerre Announces $1 Million Private Placement
CALGARY, ALBERTA--(Marketwire - Nov. 22, 2007) - Questerre Energy Corporation
("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to announce
that, subject to regulatory approval, it intends to complete a private
placement for gross proceeds of $1 million through Desjardins Securities, a
Quebec based investment dealer. The placement will consist of the issuance of
1,000,000 Common Shares on a flow-through basis at $1.00 per Common Share. The
placement reflects recent interest in Quebec regarding the Company's assets in
the St. Lawrence Lowlands.
Questerre Energy Corporation is a Calgary-based independent resource company
actively engaged in the exploration, development and acquisition of
high-impact exploration and development oil and gas projects in Canada.
This news release contains forward-looking information. Implicit in this
information are assumptions regarding commodity pricing, production, royalties
and expenses, that, although considered reasonable by the Company at the time
of preparation, may prove to be incorrect. These forward-looking statements
are based on certain assumptions that involve a number of risks and
uncertainties and are not guarantees of future performance. Actual results
could differ materially as a result of changes in the Company's plans,
commodity prices, equipment availability, general economic, market, regulatory
and business conditions as well as production, development and operating
performance and other risks associated with oil and gas operations. There is
no guarantee made by the Company that the actual results achieved will be the
same as those forecasted herein.
FOR FURTHER INFORMATION PLEASE CONTACT:
Questerre Energy Corporation Jason D'Silva VP Finance (403) 777-1185 (403)
777-1578 (FAX) Email: info@questerre.com Website: www.questerre.com