Core Viewpoint - Questerre Energy Corporation has successfully completed the acquisition of Red Leaf Resources Inc., enhancing its strategy to commercialize oil shale as a competitive global resource [1][2]. Acquisition Details - The acquisition involved the exchange of 17.25 million Questerre Common Shares for over 50% of Red Leaf's outstanding common shares, bringing Questerre's total ownership to over 90% [2]. - An additional 3.1 million Questerre Common Shares may be issued to acquire the remaining interest in Red Leaf, subject to securities regulations [2]. - The majority of Red Leaf's preferred shareholders have agreed to sell their preferred shares for approximately US$1.6 million, excluding the 16% held by Questerre [3]. Company Assets and Technology - Red Leaf holds rights to several hundred million barrels of oil shale resources in Utah and has patented HCCO® oil-shale processing technology [2][4]. - The company also possesses mineral leases in Utah, a permit for a wax processing facility, and cash and investments totaling US$9 million [4]. Strategic Vision - Questerre aims to leverage its expertise in low permeability reservoirs to acquire high-quality resources and transition its energy portfolio [5]. - The company emphasizes the importance of balancing economics, environment, and society for the future success of the oil and gas industry [6].