Crown Capital Partners Announces $30 Million Term Loan with Marquee Energy Ltd.

About this update from Crown Capital Partners, Inc.

[{"type":"text","content":"\n\n\n\nCrown Capital Partners Announces $30 Million Term Loan with Marquee Energy Ltd.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 31, 2017\n\n\n\nCALGARY, May 31, 2017 /CNW/ - Crown Capital Partners Inc. (\"Crown\" or \"the Corporation\") (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the closing of a $30 million special situations term loan (the \"Agreement\") with Marquee Energy Ltd. (\"Marquee\") (TSXV: MQX). \n\nMarquee is a Calgary-based company engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves focused in western Canada. Marquee's primary assets are located in the Michichi area of southern Alberta. The company has current production of approximately 2,800 barrels of oil equivalent production per day (\"boepd\"), of which approximately 57% is natural gas and 43% is oil and natural gas liquids. The company's land base includes approximately 386,000 net acres of total land, with 172,000 net acres of undeveloped land. Marquee is focused on growing through exploitation of existing opportunities and continued consolidation within its core area. Crown's capital will be used to repay the existing senior debt facility and to fund Marquee's capital program. \n\n\"We are pleased to support Marquee as it executes on a low-risk development plan in a proven region,\" said Chris Johnson, Crown's President & CEO. \"Marquee has a significant asset base and is led by a highly experienced team. This additional capital will enable them to increase production, cash flow and create substantial value.\"\n\n\"Closing the Crown facility is another significant milestone for Marquee.  The additional funds will enable us to accelerate our drilling program in the highly attractive Michichi area and unlock tremendous value for our shareholders.  Crown's growth-orientated loan structure is an ideal capital solution for Marquee in the current financial environment,\" said Richard Thompson, President & CEO of Marquee. \n\nThe Agreement ...

More updates from Crown Capital Partners, Inc.