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To: Andrew~ who wrote (3351)11/20/2013 10:29:21 AM
From: Goose94Respond to of 203026
 
Cash is King!



To: Andrew~ who wrote (3351)12/3/2013 9:03:40 AM
From: Andrew~Read Replies (1) | Respond to of 203026
 
QEC-T Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to announce that it has entered into an agreement with a syndicate of underwriters to purchase, on a guaranteed agency basis, 5.1 million Common Shares, to be issued on a flow-through basis (the "CEE Flow-Through Shares"), at $1.55 per CEE Flow-Through Share for aggregate gross proceeds of $7.905 million.The syndicate of underwriters will be led by Canaccord Genuity Corp. and include Cormark Securities Inc. (collectively the "Underwriters"). The Company will grant the Underwriters an option to purchase up to 765,000 additional CEE Flow-Through Shares (the "Over-Allotment Option") exercisable concurrent with closing which is scheduled for December 23, 2013. The offering is subject to receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and the Oslo Stock Exchange.

The gross proceeds of the CEE Flow-Through Shares will be used by the Company to incur eligible Canadian exploration expenses ("Qualifying Expenditures") prior to December 31, 2014 on Questerre's properties. The Company will renounce the Qualifying Expenditures to subscribers of the CEE Flow-Through Shares for the fiscal year ended December 31, 2013.

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