Prairie Provident Confirms Shareholder Consent Process for Acquisition of Marquee Energy Ltd.

Nov 14, 2018

CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR, Financial) is pleased to confirm that, in connection with its previously-announced acquisition of Marquee Energy Ltd. ("Marquee"), the Company elected to obtain requisite approval of the Prairie Provident shareholders by written consent. The acquisition is proposed to be completed by way of statutory plan of arrangement under section 193 of the Business Corporations Act (Alberta) (the "Arrangement"), implementation of which will result in the Company acquiring all of the outstanding Marquee shares and the Marquee shareholders receiving, in exchange, 0.0886 common share of the Company for each Marquee share held.

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