Non-brokered deal sells 1,963,238 company shares at C$1.05 per share
By Devika Patel
Knoxville, Tenn., Dec. 19 - Marquee Energy Ltd. said it completed a C$2.06 million non-brokered private placement of stock.
The company sold 1,963,238 flow-through common shares at C$1.05 each. The price per share is a 34.62% premium to C$0.78, the Dec. 18 closing share price.
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 stock
|
| Amount: | C$2,061,400
|
| Shares: | 1,963,238
|
| Price: | C$1.05
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Dec. 19
|
| Stock symbol: | TSX Venture: MQL
|
| Stock price: | C$0.78 at close Dec. 18
|
| Market capitalization: | C$41.1 million
|
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