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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.
ABOUT MARQUEE
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.