RE: RE: proposed PP.....This is already on there website:
March 1, 2010 - Questerre announces proposed private placement
Tekst
Calgary, Alberta -- Questerre Energy Corporation
("Questerre" or the "Company") (TSX,OSE:QEC) is
pleased to announce that it intends to complete a
private placement directed towards Norwegian and
international institutional and accredited investors.
The placement will consist of the issuance of between
20 million and 30 million Common Shares of the
Company. The placement will be priced in the context
of the market and will be carried out through a book
building process that will close no later than 08:30
(CET) on March 2, 2010 or earlier at the Company's
discretion. The minimum subscription and allocation
is shares with an aggregate purchase price equivalent
to EUR 110,000. The result of the placement will be
announced prior to start of stock exchange trading on
Oslo Børs on March 2, 2010. The placement is subject
to receipt of all requisite approvals.
Pareto Securities AS, DnB NOR Markets and Arctic
Securities ASA have been appointed as the Company's
financial advisors in connection with this placement.
The Company proposes to use the net proceeds from
this placement to fund the continued assessment of
the Utica shale gas discovery in the St. Lawrence
Lowlands, Quebec.
Questerre Energy Corporation is an independent energy
company focused on shale gas in North America. The
Company is concentrated on establishing commerciality
of its Utica shale gas discovery in the St. Lawrence
Lowlands, Quebec.
For further information, please contact:
Questerre Energy Corporation
Anela Dido, Investor Relations
(403) 777-1185 | (403) 777-1578 (FAX) |Email:
info@questerre.com