Marquee Energy closes C$20.1 million bought deal equity financing

Torys acted as counsel to the underwriters co-led by National Bank Financial and Haywood Securities with a team that included Scott Cochlan, Janan Paskaran and Matthew Lui.

On May 2, 2014, Marquee Energy Ltd. (Marquee) announced that it closed its previously announced bought deal financing of 22,115,650 common shares, including the 15% over-allotment option of 2,884,650 common shares in the capital of Marquee at a price of C$0.91 per common share, for total gross proceeds of C$20,125,242.

The offering, announced April 10, 2014, was conducted through a syndicate of underwriters co-led by National Bank Financial Inc. and Haywood Securities Inc. and included Acumen Capital Finance Partners Limited, Peters & Co. Limited, Canaccord Genuity Corp. and FirstEnergy Capital Corp.

The net proceeds from the offering will be used initially to reduce bank indebtedness and thereafter to partially fund its continuing capital program and for general corporate purposes .

Marquee is a publicly traded Calgary-based growth oriented junior oil and gas company currently focused on high rate of return oil development and production.

Further information can be found on Marketwired's website.