Marquee Energy Ltd. (TSXV: MQL.V, OTC: MQLXF) renewed its credit facility, the company said July 29.
Marquee entered into a syndicated credit facility agreement with two chartered Canadian banks, the company said. The agreement provides CA$95 million in available credit, Marquee added. This amount is divided between a revolving and operating facility of up to $80 million and an acquisition facility of up to $15 million, the company noted.
There was $57 million in net debt as of June 30, the company said.
The second-quarter 2014 financial results will be released on Aug. 21, Marquee said.
Calgary, Alberta-based explores and develops oil and natural gas in the Lloydminster and Michichi areas of the province.
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