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Marquee Wraps Up Private Placement of Shares
Marquee Energy Ltd. announced the completion of its previously announced private placement. Due to oversubscription the Company issued a total of 2,824,967 common shares in the capital of Marquee to be issued on a Canadian Exploration Expense flow-through basis under the Income Tax Act (Canada) at a price of $0.60 per share for aggregate gross proceeds of $ 1,694,980. The Company paid finder's fees to two registered brokers of an aggregate of $67,800 or approximately 4% of the gross proceeds of the private placement.
The shares issued will be subject to a four-month hold period, which expires on April 25, 2016. The proceeds from the issuance of the shares will be used by Marquee to incur CEE expenses (the "Qualifying CEE Expenditures") on Marquee's existing Canadian properties at Michichi prior to December 31, 2016 and Marquee will renounce the Qualifying CEE Expenditures to purchasers of the shares for the fiscal year ended December 31, 2015.
Canada Related Financings
| Announced Date | Title | Company | Value($MM) | Financing Type |
|---|---|---|---|---|
| 2019-10-01 | Journey Energy Taps Equity Markets for $7.3MM | Journey Energy Inc | 7.3 | Equity-Stock-Sales |
| 2018-10-16 | Pulse Oil Launches Equity Offerings; Eyes $8.0MM in Proceeds | Pulse Oil | 8 | Equity-Stock-Sales |
| 2018-06-11 | Saturn Taps into Equity Markets to Fund Viking Drilling | Saturn Oil and Gas Inc. | 1.34 | Equity-Stock-Sales |
| 2017-06-07 | Delphi Taps Equity Market for $65 Million | Delphi Energy Corp. | 65.3 | Equity-Stock-Sales |