CALGARY, Sept. 5, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") (OTCQX: MQLXF) announces, that in accordance with the Company's previously approved stock option plan, it has today granted in aggregate, 3,940,000 options ("Options") to purchase common shares in the capital of the company to certain directors, officers and employees of the Company. The Options each have an exercise price of $ 1.17 per common share, are exercisable for a period of 5 years and vest in one quarter (1/4) increments on the first, second, third and fourth anniversaries from the date of the grant. The option grants are subject to the approval of, and the Company fulfilling the requirements of, the TSX Venture exchange.
Marquee Energy Ltd. is a publicly traded Calgary-based growth oriented junior oil and gas company currently 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. Additional information about Marquee may be found in its continuous disclosure documents filed with Canadian securities regulators 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: Richard Thompson, President & Chief Executive Officer, (403) 817-5561, RThompson@marquee-energy.com; Roy Evans, Vice President, Finance and Chief Financial Officer, (403) 817-5568, REvans@marquee-energy.com; or visit the Company's website at www.marquee-energy.com.