Brief: Questerre announces 2017 capital budget and proposed private placement

Questerre Energy (Canada)

27/10/2016 16:27

Oct 27 (Reuters) - Questerre Energy Corp  QEC.TO : 
    * Questerre announces 2017 capital budget and proposed 
private placement 
    * Has approved a capital budget of approximately $26 million 
for 2017 
    * Private placement will consist of issuance of up to 26.6 
million common shares of company 
    * Co intends to use net proceeds to partially fund 2017 
capital program, repay indebtedness under its credit facilities 
 
Source text for Eikon:  ID:nCNWhPvRpa  
Further company coverage:  QEC.TO  
 
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