October 27, 2016 / 3:33 PM / a year ago

BRIEF-Questerre announces 2017 capital budget and proposed private placement

Oct 27 (Reuters) - Questerre Energy Corp :

* Questerre announces 2017 capital budget and proposed private placement

* Has approved a capital budget of approximately $26 million for 2017

* Private placement will consist of issuance of up to 26.6 million common shares of company

* Co intends to use net proceeds to partially fund 2017 capital program, repay indebtedness under its credit facilities Source text for Eikon: Further company coverage:

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