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Message: Re: May 1, 2009 - Questerre adopts Shareholder Rights Plan

Re: May 1, 2009 - Questerre adopts Shareholder Rights Plan

posted on May 07, 2009 11:31AM

Hi Gunnar,

Answers to your questions from Anela. Sorry it took so lond to get back to you but I just got the reply from her.



As the press release states, the shareholder rights plan is effective immediately as of April 30, 2009. During the Annual Meeting, the plan must be ratified (approved) and if it is not, it will cease to take effect at that time. In the meantime, shareholders are fully protected under this plan should a take-over bid present itself. This plan is designed to protect shareholders in order to obtain the best possible price/share.

As for your second question, any holder of Questerre who holds shares before or on that date, is entitled to purchase common shares at a significant discount to the then current market price. So if you hold shares of Questerre, you would be eligible to take advantage of that discount. Anyone who does not hold Questerre shares, would not be eligible, including the acquiring person or persons related to it.

Hope this clears up any confusion.

If you still need further clarification, please do not hesitate to get in touch.

Best Regards,


Anela Dido

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