Sept 13 (Reuters) - Prairie Provident Resources Inc PPR.TO :
* PRAIRIE PROVIDENT RESOURCES INC. ANNOUNCES STRATEGIC ACQUISITION OF MARQUEE ENERGY LTD. TO UNLOCK SIGNIFICANT UNDEVELOPED LIGHT OIL GROWTH POTENTIAL; CONCURRENT FLOW-THROUGH AND UNIT FINANCING
* PRAIRIE PROVIDENT RESOURCES - UNDER TERMS OF DEAL, MARQUEE SHAREHOLDERS WILL RECEIVE 0.0886 OF A PRAIRIE PROVIDENT COMMON SHARE FOR EACH MARQUEE SHARE
* PRAIRIE PROVIDENT RESOURCES INC - TOTAL CONSIDERATION INCLUDING MARQUEE'S NET DEBT IS ABOUT $55 MILLION
* PRAIRIE PROVIDENT RESOURCES INC - ARRANGEMENT WITH MARQUEE ENERGY LTD INCLUDES A RECIPROCAL BREAK FEE OF $2.5 MILLION
* PRAIRIE PROVIDENT RESOURCES INC - ALSO ENTERED INTO $3.5 MILLION BOUGHT-DEAL SHORT-FORM PROSPECTUS EQUITY FINANCING
* PRAIRIE PROVIDENT RESOURCES INC - ACQUISITION IS ACCRETIVE TO PRAIRIE PROVIDENT SHAREHOLDERS ON A FULLY-DILUTED PER SHARE BASIS
* PRAIRIE PROVIDENT RESOURCES INC - MARQUEE ENERGY DEAL'S EXCHANGE RATIO TRANSLATES TO $0.037 PER MARQUEE COMMON SHARE
* PRAIRIE PROVIDENT RESOURCES - UPON COMPLETION OF ARRANGEMENT WITH MARQUEE ENERGY, CO'S PRODUCTION IS ANTICIPATED TO BE APPROXIMATELY 7,700 BOE/D
* PRAIRIE PROVIDENT RESOURCES INC - BOARD OF DIRECTORS OF PRAIRIE PROVIDENT AND MARQUEE HAVE BOTH UNANIMOUSLY APPROVED ACQUISITION
* PRAIRIE PROVIDENT RESOURCES - HAS RECEIVED COMMITMENT LETTER FROM PRUDENTIAL CAPITAL GROUP IN RESPECT TO AN EXPANSION OF ITS CURRENT CREDIT AGREEMENTS
* PRAIRIE PROVIDENT RESOURCES INC - PRAIRIE'S BOARD WILL INCLUDE ONE ADDITIONAL MEMBER FROM MARQUEE AND WILL BE LED BY PRAIRIE'S CURRENT CHAIRMAN