Questerre to sell 23.5 mln share in private placement

Wed Nov 20, 2013 10:46am EST
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OSLO Nov 20 (Reuters) - Energy firm Questerre will sell up to 23.5 million new shares directed at Norwegian and international institutional investors to fund its development of its liquids-rich Montney acreage in Alberta, Canada, it said on Wednesday.

The shares will be sold through a bookbuild and priced before 0700 GMT on Thursday, the company added.

The 23.5 million shares are worth about 185 million crowns ($30.38 million) at Wednesday's closing price on the Oslo bourse.

Pareto Securities AS, RS Platou Market AS and Swedbank First Securities are the managers and bookrunners of the placement.