By Sheri Kasprzak
Atlanta, Dec. 23 - Questerre Energy Corp. said Thursday it raised C$189,250 from the final tranche of a private placement.
The company sold 625,500 common shares at C$0.25 each and 110,000 flow-through shares at C$0.30 each for proceeds of C$189,250.
A total of 12,463,000 common shares were sold in the entire private placement for C$3.7 million.
Dundee Securities Corp. was placement agent in the offering.
Based in Calgary, Alta., Questerre is a resource company focused on the exploration and development of natural gas. The company plans to use the proceeds from the deal for its exploration activities this winter.
| Issuer: | Questerre Energy Corp.
|
| Issue: | Common and flow-through common shares
|
| Amount: | C$189,250
|
| Placement agent: | Dundee Securities Corp.
|
| Settlement date: | Dec. 23
|
| Stock price: | C$0.27 at close Dec. 22
|
|
|
| Flow-through shares
|
| Issue: | Flow-through common shares
|
| Shares: | 110,000
|
| Price: | C$0.30
|
| Warrants: | No
|
|
|
| Common shares
|
| Issue: | Common shares
|
| Shares: | 625,500
|
| Price: | C$0.25
|
| Warrants: | No
|
|
|
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