Questerre Energy Corporation ("Questerre" or the "Company") reported that
members of the Board of Directors and Management exercised 4,000,000 stock
options with an exercise price of $0.18 per Common Shares for net proceeds to
the Company of $0.72 million. A total of 4,000,000 Common Shares were issued on
the exercise of the stock options.
Pre-Acquisition Acquisition Current Holdings
Directors
Hans Holden 25,000 250,000 275,000
Dennis Sykora 443,750 150,000 593,750
Bjorn Tonnessen 45,000 400,000 445,000
Officers
Michael Binnion 21,990,112 1,900,000 23,890,112
Jason D'Silva 4,215,863 1,300,000 5,515,863
Total 26,719,72 4,000,000 30,719,725
With the approval of the Board of Directors with respect to an evaluation of
overall compensation, the Company has granted directors, officers and employees
a total of 7,300,000 options to acquire Common Shares at a price of C$0.27 per
Common Share on January 23, 2025. The exercise price is determined as the
closing price on TSX. The options will expire on January 21, 2031.
Current Grant Closing
Directors
Bjorn Tonnessen 1,250,000 400,000 1,650,000
Dennis Sykora 780,000 250,000 1,030,000
Hans J Holden 780,000 250,000 1,030,000
Jauvonne Kitto 400,000 250,000 650,000
Management
Michael Binnion 6,620,000 1,900,000 8,520,000
John Brodylo 3,310,000 350,000 3,660,000
Jason D'Silva 4,760,000 1,300,000 6,060,000
Filippo Segatori - 1,000,000 1,000,000
Jyoti Parmar 250,000 100,000 350,000
David Pellegrin 350,000 500,000 850,000
Rick Tityk 3,310,000 350,000 3,660,000
Other 6,000,000 650,000 6,650,000
27,810,000 7,300,000 35,110,000
We seek Safe Harbour.