Brief: Questerre acquires minority interest in Red Leaf at $60 per common share

Questerre Energy (Canada)

11/05/2017 05:15

May 11 (Reuters) - Questerre Energy Corp  QEC.TO  
    * Questerre acquires minority interest in Red Leaf 
    * Through agreement with vendor, Questerre has option to 
acquire over 280 square km for oil shale in kingdom of Jordan 
    * Entered into agreement to acquire 103,751 common shares of 
Red Leaf at US$60 per common share 
    * Acquisition price for interest in Red Leaf $60 per common 
share and contingent payment of $12.50 per common share 
 
Source text for Eikon:  ID:nCNWSbq0qa  
Further company coverage:  QEC.TO  
 
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