Questerre updates corporate reorganization

Core Viewpoint - Questerre Energy Corporation is undergoing a reorganization to spin out its Quebec assets, which involves the exchange of existing Class A Common Shares for new Class A Common Shares and Series 2 Preferred Shares [2][3]. Summary by Sections Reorganization Details - Shareholders approved a special resolution for the reorganization on January 15, 2026, leading to the cancellation of existing Common Shares and the issuance of one New Common Share and one Series 2 Preferred Share for each existing Common Share [2]. - The New Common Shares will trade under the same CUSIP and ISIN numbers as the original Common Shares, while the Series 2 Preferred Shares will have new identifiers [2]. Valuation and Market Information - The estimated fair market value of the Series 2 Preferred Shares is approximately C$0.01 per share, although this valuation is subject to various circumstances and is not binding [3]. - The Series 2 Preferred Shares are not currently listed for trading, but the company is exploring options for their future listing [2]. Key Dates - Important dates related to the reorganization include: - January 21, 2026: Last day of trading for Common Shares - January 22, 2026: Distribution Record Date and Ex-Date - January 27, 2026: Effective Date for the distribution of Series 2 Preferred Shares [4]. Additional Information - The company confirmed that the exchange of Red Leaf Resources Inc. common shares will entitle holders to Series 2 Preferred Shares for each New Common Share issued [5]. - Questerre positions itself as an energy technology and innovation company, focusing on sustainable energy production and environmental responsibility [6][7].