Marquee Energy Ltd. (TSXV:MQL) agreed to sell Non-Core Shallow Gas Asset in Canada for CAD 4.5 million on May 4, 2016. The transaction is expected to close on or about May 31, 2016. The acquisition is subject to regulatory approvals. The gross proceeds from the sale of the assets will be used to reduce the Marquee Energy's current debt and improve financial flexibility. Acumen Capital Finance Partners acted as financial advisor for Marquee Energy.