BRIEF-Marquee Energy, Alberta Oilsands entered into arrangement agreement

Fri Aug 19, 2016 1:59pm EDT
 
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Aug 19 (Reuters) - Marquee Energy Ltd says -

* Marquee Energy, Alberta Oilsands entered into arrangement agreement

* Alberta Oilsands will acquire all of issued and outstanding common shares of Marquee

* Marquee Energy Ltd says on completion of arrangement, Marquee shareholders will own approximately 49% of common shares of New Marquee

* Marquee shareholders will receive, for each marquee share held, 1.67 common shares in capital of Alberta Oilsands

* New Marquee to be led by current management team of Marquee

* Board of directors of New marquee will include an equal number of current directors of Marquee and of Alberta Oilsands, respectively Source text for Eikon: Further company coverage:,