Marquee Energy Ltd. (TSXV:MQX) announced that it has entered into an agreement with Crown Capital Fund IV, LP a fund managed by Crown Capital Partners Inc. for subordinated term loan for CAD 30,000,000 bears an interest rate of 10% per annum over a term of five years and is second lien secured on May 30, 2017. In conjunction with the term loan, the company has granted lender 37,500,000 warrants or approximately 8.6% of the outstanding shares. Each warrant entitles the lender to purchase one common share of the company at an exercise price of CAD 0.11 any time prior to May 30, 2021. The exercise price of the warrants represents a 46% premium to the 20-day volume-weighted average trading price of the company common shares at market close on May 29, 2017.