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Marquee Energy provides update on transaction with Sonde Resources


Published Nov 25, 2013
Marquee Energy Ltd.

Marquee Energy Ltd. provide an update on its transaction with Sonde Resources and announce its third quarter 2013 operating and financial results.

SONDE TRANSACTION

Marquee Energy Ltd. and Sonde Resources Corp. (Sonde) announced on November 5, 2013 that they entered into an agreement (the "Arrangement Agreement") whereby Marquee will acquire substantially all of the Western Canadian assets of Sonde, including all of its Southern Alberta properties (the "Transaction"). The Assets are primarily located in Marquee's core area at Michichi, Alberta immediately offsetting Marquee's lands and production. Pursuant to the Transaction, Sonde will transfer the Assets and related tax pools to a newly formed subsidiary of Sonde, which will either amalgamate with a wholly-owned subsidiary of Marquee or be directly acquired by Marquee pursuant to a plan of arrangement (the "Plan of Arrangement").

Tags: Marquee Energy Ltd.




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