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CALGARY, Dec. 1, 2017 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") 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 the date of this press release except for letters of credit of $0.7 million.
Marquee is a Calgary-based, junior energy company focused on light oil development and production in the Michichi area of eastern Alberta. Marquee's shares trade on the TSX Venture Exchange under the trading symbol "MQX". Additional information about Marquee may be found on its website www.marquee-energy.com and in its continuous disclosure documents filed with Canadian securities regulators on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Marquee Energy Ltd.
For further information: Adam Jenkins, VP Corporate Development, (403) 817-0964, Ajenkins@marquee-energy.com; Howard Bolinger, Executive VP & Chief Financial Officer, (403) 817-5568, Hbolinger@marquee-energy.com, or visit the Company's website at www.marquee-energy.com
Marquee Energy Ltd. is a Calgary based, junior energy company focused on high rate of return oil development and production. Marquee is committed to growing the company through exploitation of existing opportunities and continued consolidation within its core area at Michichi. The Company's shares are traded on the Toronto Stock Exchange under the trading symbol "MQL.V" and on the OTCQX...