Questerre Energy Corporation ("Questerre" or the "Company") reported that the
Board, at its annually scheduled meeting, which included an evaluation of
overall compensation, has granted to directors, officers and employees a total
of 6,000,000 options to acquire Common Shares at a price of C$0.235 per Common
Share on February 7, 2023. The exercise price is determined as the closing price
on TSX the day prior to the grant. The options will expire on February 6, 2028.
The options were granted as follows:
Board Members Current Proposed Total
Bjorn Inge Tonnessen 1,497,000 300,000 1,797,000
Mireille Fontaine 830,000 200,000 1,030,000
Dennis Sykora 933,500 200,000 1,133,500
Hans Jacob Holden 918,500 200,000 1,118,500
Management
Michael Binnion 8,004,000 1,200,000 9,204,000
John Brodylo 4,020,000 600,000 4,620,000
Peter Coldham 4,060,000 600,000 4,660,000
Jason D'Silva 5,460,000 1,000,000 6,460,000
Dana Shepherdson 3,200,000 600,000 3,800,000
Rick Tityk 4,020,000 600,000 4,620,000
Employees 2,180,000 500,000 2,680,000
Former Directors 174,500 0 174,500
Total 35,297,500 6,000,000 41,297,500
We seek safe harbor