Mandatum Life Insurance Company Limited

August 29, 2014 13:40 ET

Acquisition of Common Shares of Questerre Energy Corporation

HELSINKI, FINLAND--(Marketwired - Aug. 29, 2014) - Mandatum Life Insurance Company Limited. ("Mandatum Life"), a Finnish limited life insurance company, reports that on August 26, 2014, it acquired ownership and control of 504,035 common shares of Questerre Energy Corporation ("Questerre") representing approximately 0.19% of Questerre's outstanding common shares as a block trade via stock broker in Oslo (Oslo Stock Exchange). As of the date hereof, Mandatum Life owns or controls a total of 26,956,135 common shares of Questerre representing approximately 10.17% of Questerre's outstanding common shares.

The 504,035 common shares of Questerre were acquired by Mandatum Life via stock broker in Oslo (Oslo Stock Exchange). The total consideration paid by Mandatum Life for the common shares acquired was NOK 3,361,913.45, equal to approximately CAD $1.17125 per share, in total approximately CAD $590,352.

Mandatum Life acquired the common shares of Questerre for investment purposes.

Mandatum Life may increase or decrease ownership of, or control over, securities of Questerre depending on market conditions or any other relevant factor.

Contact Information

  • For further information, or to obtain a copy of the early
    warning report filed on Questerre's profile at www.sedar.com
    in connection with this matter, please contact:
    Timo Vuokila
    Vice President Legal Affairs
    +358 10 516 7496