Company sells 2.5 million shares at C$0.60 apiece in non-brokered deal
By Devika Patel
Knoxville, Tenn., Dec. 18 – Marquee Energy Ltd. said it plans a C$1.5 million non-brokered private placement of stock.
The company will sell 2.5 million flow-through common shares at C$0.60 per share, a 62.16% premium to the Dec. 17 closing share price of C$0.37.
Proceeds will be used for exploration.
Marquee is a junior oil and gas company in Calgary, Alta.
| Issuer: | Marquee Energy Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1.5 million
|
| Shares: | 2.5 million
|
| Price: | C$0.60
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 18
|
| Stock symbol: | TSX Venture: MQL
|
| Stock price: | C$0.37 at close Dec. 17
|
| Market capitalization: | C$46.93 million
|
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