CALGARY, AB--(Marketwired - November 19, 2015) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQL) announces that following today's third quarter Board of Directors meeting, Mr. Jim Wilson has resigned his positions as Member of the Board of Directors and Chairman of the Audit Committee due to requirements associated with his recent acceptance of an executive position with another oil and gas company. The Company thanks Mr. Wilson for his efforts and service and wishes him success in his new role.
The Company is pleased to announce the appointment of Mr. Robert J. Waters to the Board of Directors effective immediately, subject to TSX Venture Exchange approval. He has also been appointed Chairman of the Audit Committee.
Mr. Waters has more than 20 years of executive financial experience, having served as Senior Vice President and Chief Financial Officer for Enerplus Corporation and as Vice President and Chief Financial Officer for Pengrowth Energy Trust. Over his career he has raised over $3.5 billion in equity, over $1.5 billion in public debt and debentures and has participated in over $5 billion of major acquisitions. He received his Bachelor of Business Administration from York University, Toronto (1981), Master of Business Administration from York University, Toronto (1984) and holds a Chartered Accountant designation (1986).
Additionally, in accordance with the Company's previously approved stock option plan, Marquee has granted an aggregate of 220,000 options ("Options") to purchase common shares in the capital of the Company to certain directors and employees. The Options are exercisable for a period of five years and vest in one quarter increments on the sixth month, eighteenth month, thirtieth month and forty second month anniversaries from the date of the grant. The exercise price of the options will be the closing price of the common shares of Marquee on the TSX Venture Exchange on Friday, November 20, 2015.
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.
Marquee Energy Ltd. is a Calgary based, junior energy company focused on high rate of return oil development and production. Marquee is committed to growing the company through exploitation of existing opportunities and continued consolidation within its core area at Michichi. The Company's shares are traded on the TSX Venture Exchange under the trading symbol "MQL" and on the OTCQX marketplace under the symbol "MQLXF". An updated presentation and 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 the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
Source: Marketwired (Canada)
(November 19, 2015 - 9:35 PM EST)
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