Questerre reports on Special Meeting results

Core Viewpoint - Questerre Energy Corporation has successfully approved a corporate reorganization to spin out its Quebec assets, which includes the exchange of existing shares for new classes of shares [1][2][3]. Group 1: Corporate Reorganization - The special resolution to approve the Articles of Amendment for the reorganization was passed during a shareholder meeting [2]. - Existing Class A Common Shares were exchanged for new Class A Common Shares and Series 2 Preferred Shares, with the original Common Shares being cancelled [3]. - The Series 2 Preferred Shares will track the economic performance of the Quebec assets, while the new Common Shares will represent ownership of the remaining assets of the Company [3]. Group 2: Shareholder Meeting Outcomes - The number of directors to be elected was fixed at seven, and the remaining nominees were elected as directors [5]. - The detailed voting results showed high approval rates for the elected directors, with Michael Binnion receiving 99.84% of votes for [6]. - The Company plans to establish a Series 2 Preferred Share Option Plan following the filing of the Articles of Amendment [6]. Group 3: Future Plans and Commitments - Questerre is focused on leveraging its expertise in energy technology and innovation to transition its energy portfolio responsibly [7]. - The Company emphasizes the importance of balancing economics, environment, and society for the future success of the energy industry [8].