Marquee Energy Ltd. closes $20 million prospectus financing

May 2, 2014

Client: Marquee Energy Ltd.

On May 2, 2014, Marquee Energy Ltd. ("Marquee") announced that it had closed its previously announced bought deal financing of 22,115,650 common shares, including the 15% over-allotment option of 2,884,650 common shares in the capital of Marquee ("Common Shares") at a price of $0.91 per Common Share for total gross proceeds of $20,125,242 (the "Offering").

The Offering was conducted through a syndicate of underwriters co-led by National Bank Financial Inc. and Haywood Securities Inc. and included Acumen Capital Finance Partners Limited, Peters & Co. Limited, Canaccord Genuity Corp. and FirstEnergy Capital Corp.

The net proceeds from the Offering will be used by Marquee initially to reduce bank indebtedness and thereafter to partially fund Marquee's continuing capital program and for general corporate purposes.

The Norton Rose Fulbright team advised Marquee on all aspects of the transaction.  The team was led by Kirk Litvenenko and included Darren Hueppelsheuser, Robert Joseph and Grant Stevens.