Questerre Energy - NOK 93 million - Private Placement

Arctic Securities acted as Joint Lead Manager in relation to the Private Placement of NOK 93.4 million in Questerre Energy Corporation.

The net proceeds from the Private Placement will be used to strengthen the Company’s working capital, partially finance its ongoing Montney capital program and the preliminary work for its planned clean tech energy project in the St. Lawrence Lowlands, Quebec. We congratulate on the transaction and thank Questerre for the vote of confidence

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