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Marquee Energy announces closing of $8.2 million private placement


Published Nov 28, 2013
Marquee Energy Ltd.-2

Marquee Energy Ltd. has closed its previously announced private placement of 8,000,500 common shares in the capital of Marquee (Common Shares) issued on a Canadian exploration expense flow-through basis under the Income Tax Act (Canada) (the "CEE Flow-Through Shares") at a price of $0.95 per CEE Flow-Through Share and 660,000 Common Shares to be issued on a Canadian development expense flow-through basis under the Income Tax Act (Canada) (the "CDE Flow-Through Shares" and together with CEE Flow-Through Shares, the "Offered Shares") at a price of $0.90 per CDE Flow-Through Share for aggregate gross proceeds of approximately $8.2 million (the "Offering"). The Offered Shares are subject to a four month hold period that expires on March 27, 2014.

The Offering was conducted through a syndicate of underwriters led by National Bank Financial Inc. and including Peters & Co. Limited, Acumen Finance Partners Limited and Desjardins Securities Inc. (collectively, the "Underwriters"). In connection with the Offering, the Underwriters received a fee equal to 6% of the gross proceeds of the Offering.

Tags: Marquee Energy Ltd.




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