Calgary, Alberta - Questerre Energy Corporation ("Questerre" or the "Company") (TSX, OSE: 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.
For further information, please contact:
Michael R. Binnion, President
Tel: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Web: www.questerre.com