Marret Resource Corp. Provides Update on Aequitas NEO Exchange Listing

TORONTO, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Marret Resource Corp. (TSX:MAR) (“Marret” or the “Company”) announces, further to its press release of September 19, 2018, that the Toronto Stock Exchange (the “TSX”) has accepted the Company’s application to voluntarily delist from the TSX. As previously announced, the Company has applied, and received conditional approval, to list on Aequitas NEO Exchange Inc. (the “NEO Exchange”). Listing on the NEO Exchange is subject to the Company fulfilling the NEO Exchange’s listing requirements. The NEO Exchange is a recognized senior Canadian stock exchange.

The Company will be de-listing from the TSX at the close of trading on October 9, 2018 and will be listed on the NEO Exchange commencing at the open of markets on October 10, 2018. The NEO Exchange has advised that trading in the shares of the Company will be halted following listing and until completion of the Company’s previously announced plan of arrangement (the “Arrangement”), and it is expected that trading will resume on or about October 16, 2018. Completion of the Arrangement remains subject to customary closing conditions, including stock exchange, shareholder, court and regulatory approval. Assuming that the conditions to closing are satisfied or waived, it is expected that the Arrangement will be completed in the first half of October, 2018.

About Marret Resource Corp.

Marret Resource Corp. is currently focused on natural resource lending. The Company’s business is primarily directed to investing in public and private debt securities of and making term loans (including bridge and mezzanine debt) to issuers in a broad range of natural resource sectors, including energy, base and precious metals and other commodities, and issuers involved in exploration and development, and may also include financing other resource-related businesses and investing in public and private equity and quasi-equity securities. The Company seeks to generate income mainly from its lending activities, while taking advantage of additional upside through equity participation in the companies which it finances.

About BC Partners Advisors L.P. and BC Partners Credit

BC Partners is a leading international investment firm with over C$27 billion of assets under management in private equity and private credit. Established in 1986, BC Partners has played an active role in developing the European buyout market for three decades. Today, BC Partners executives operate across markets as an integrated team through the firm's offices in North America and Europe. Since inception, BC Partners has completed 104 private equity investments in companies with a total enterprise value of €129 billion and is currently investing its tenth private equity fund. On the private credit front, BC Partners Credit is currently investing Special Opportunities Fund I. For more information, please visit www.bcpartners.com.

BC Partners Credit was launched in February 2017 and has pursued a strategy focused on identifying attractive credit opportunities in any market environment and across sectors, leveraging the deal sourcing and infrastructure made available from BC Partners.

For further information about Marret Resource Corp. and its ongoing business, please contact: Marret Investor Services 416.214.5800.

This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Forward-looking statements can be identified by the expressions "seeks", "expects", "believes", "estimates", "will", "target" and similar expressions. The forward-looking statements are not historical facts, but reflect the current expectations of the Company regarding future results or events and are based on information currently available to them. Certain material factors and assumptions were applied in providing these forward-looking statements. The forward-looking events and circumstances discussed in this release include, but are not limited to, listing on the NEO Exchange (and the timing in respect thereof), delisting from the TSX (and the timing in respect thereof), the expected timing to close the Arrangement, and the receipt and nature of stock exchange, shareholder, regulatory and court approval for the Arrangement. All forward-looking statements in this press release are qualified by these cautionary statements. The Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, the Company can give no assurance that the actual results or developments will be realized by certain specified dates or at all. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed: (i) under "Risks Factors" in the most recently filed annual information form and MD&A for the Company, and (ii) under the risk factors sections in the management information circular of the Company prepared in connection with the Meeting. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release.

This press release is not, and should not be construed as, an offer to sell or acquire any securities in any jurisdiction.