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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, [email protected]; Howard Bolinger, Executive VP & Chief Financial Officer, (403) 817-5568, [email protected], or visit the Company's website at www.marquee-energy.com