Brief: Questerre says proposed private placement of up to 34.9 mln common shares

Questerre Energy (Canada)

28/09/2017 15:40

Sept 28 (Reuters) - Questerre Energy Corp  QEC.TO : 
    * QUESTERRE ANNOUNCES PROPOSED PRIVATE PLACEMENT 
    * QUESTERRE ENERGY CORP - PRIVATE PLACEMENT WILL CONSIST OF 
ISSUANCE OF UP TO 34.9 MILLION COMMON SHARES OF COMPANY 
    * QUESTERRE ENERGY CORP - TO USE NET PROCEEDS FROM PRIVATE 
PLACEMENT TO STRENGTHEN WORKING CAPITAL, PARTIALLY FINANCE 
ONGOING MONTNEY CAPITAL PROGRAM 
    * QUESTERRE ENERGY CORP - ALSO  TO USE NET PROCEEDS FOR  
PRELIMINARY WORK FOR PLANNED PILOT UTICA DEVELOPMENT PROJECT IN 
ST. LAWRENCE LOWLANDS, QUEBEC 
 
Source text for Eikon:  ID:nCCN55T2Fa  
Further company coverage:  QEC.TO  
 
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