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CALGARY, Dec. 6, 2017 /CNW/ – Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQX”) announces that its board of directors (the “Board”) has approved the grant of 16,980,000 stock options to purchase common shares of Marquee to certain officers and employees of the Company, subject to regulatory and TSX Venture Exchange approval. No stock options were awarded to Marquee's directors at this time.
The options were issued in accordance with the Company's stock option plan at an exercise price of $0.065 per share, one-quarter (1/4) of the options will vest on each of the first, second, third and fourth anniversaries of the date of issuance and have a five year term to expiry. Subsequent to this grant, Marquee will have an aggregate of 24,820,000 options outstanding or 5.7% of its issued and outstanding common shares.
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.
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