MQL-V kissed it's 52 week high, $1.08 with closing $20.12-million financing.
May 2nd 2014 - NR
Marquee Energy Ltd. has closed its previously announced bought deal financing of 22,115,650 common shares, including the 15-per-cent overallotment option of 2,884,650 common shares in the capital of Marquee, at a price of 91 cents per common share for total gross proceeds of $20,125,242.
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 Ltd., Peters & Co. Ltd., 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 finance Marquee's continuing capital program, and for general corporate purposes. |
