Prairie Provident Resources Inc. and Marquee Energy Ltd. announce that the Company's previously-disclosed acquisition of Marquee by plan of arrangement under section 193 of the Business Corporations Act, which was approved by approximately 98% of the votes cast by Marquee shareholders at a special meeting held to consider the transaction, and [...]
Marquee Energy Ltd. are pleased to announce that, at the special meeting of shareholders of Marquee held yesterday, the shareholders and optionholders of Marquee overwhelmingly voted in favour of a special resolution to approve the proposed plan of arrangement with Prairie Provident Resources Inc. pursuant to which, among other things, [...]
Prairie Provident Resources Inc. is pleased to confirm that, in connection with its previously-announced acquisition of Marquee Energy Ltd., the Company elected to obtain requisite approval of the Prairie Provident shareholders by written consent. The acquisition is proposed to be completed by way of statutory plan of arrangement under section 193 [...]
Marquee Energy Ltd. is pleased to announce that it has completed the previously announced disposition of its non-core asset for total cash consideration of $6.575 million, prior to closing adjustments. The proceeds from the sale of the assets will be used to reduce the Company's current debt and improve financial flexibility. GMP FirstEnergy acted [...]
Prairie Provident Resources Inc. and Marquee Energy Ltd. are pleased to announce that they have entered into an agreement to effect the acquisition of Marquee by way of a plan of arrangement. Under the terms of the Arrangement, Marquee shareholders will receive 0.0886 of a Prairie Provident common share for each Marquee share. Based on Prairie [...]
Marquee Energy Ltd. reports its operational and financial results for the three months ended June 30, 2018. The Company's Financial Statements as well as the corresponding Management's Discussion and Analysis for the three months ended June 30, 2018 are available on its website www.marquee-energy.com as well as on SEDAR at www.sedar.com [...]
Marquee Energy Ltd. is pleased to report its operational and financial results for the three months ended March 31, 2018. The Company's Financial Statements as well as the corresponding Management's Discussion and Analysis for the three months ended March 31, 2018 are available on its website www.marquee-energy.com as well as on SEDAR at [...]
Marquee Energy Ltd. is pleased to report it's financial and operating results for the year ended December 31, 2017 and provide an operational update for the first quarter of 2018. Marquee's audited annual Financial Statements as well as the corresponding Management's Discussion and Analysis for 2017 are available on its website [...]
Marquee Energy Ltd. announces commencement of a review of strategic alternatives to enhance shareholder value. Marquee's Board of Directors has determined it is timely, prudent and in the best interests of the Company and its stakeholders to commence a formal process to explore strategic alternatives. Such strategic alternatives may include, but [...]
Marquee Energy Ltd. is pleased to report its reserve evaluation for the year ended December 31, 2017, as well as provide an update on its first quarter drilling and completion operations. RESERVE HIGHLIGHTS Total proved developed producing reserves increased 9% to 5.3 mmboe; PDP reserves valuation discounted at 10% before tax was $67 million [...]
Marquee Energy Ltd. announces that its board of directors has approved the grant of 16,980,000 stock options to purchase common shares of Marquee to certain officers and employees of the Company, subject to regulatory and TSX Venture Exchange approval. No stock options were awarded to Marquee's directors at this time. The options were issued in [...]
Marquee Energy Ltd. announces that its lender has completed their semi-annual review of the Company's credit facility. As part of such review, the credit facility remains at $12 million, however draws are capped at $8.5 million with special approval required to access the remaining $3.5 million. The Company's credit facility remains undrawn at [...]