Finance & Investing | Capital Markets
Marquee Energy Closes Private Placement
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Marquee Energy Ltd. has closed a non-brokered private placement of 1,963,238 common shares of the Company at a price of $1.05 per common share, issued on a flow-through basis pursuant to the Income Tax Act (Canada) for proceeds of $2,061,400.
The Flow-Through shares are subject to a restricted period of four months and a day, expiring on April 20th, 2013. Certain registered dealers received a finder's fee equal to 6% of the gross proceeds from the placement of the Flow-Through Shares.
The purchasers of the Flow-Through Shares will be entitled to renunciations from Marquee Energy Ltd. in an amount equal to the subscription amount effective December 31, 2012. The gross proceeds from the offering will be used by Marquee to incur eligible Canadian Exploration Expenses on or before…
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