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Arsenal Energy Inc. Announces Closing of Property Sales
CALGARY, June 28, 2016 - Arsenal Energy Inc. ('Arsenal' or the 'Company') (TSX: AEI) (OTCQX: AEYIF) announces that it has closed its two previously announced property sales (approximately 450 boe/d of production) for total gross proceeds of $11.5 million. The proceeds were used to eliminate the Corporation's bank indebtedness under its credit facility.
Contact Information
Arsenal Energy Inc.
Tony van Winkoop
President and Chief Executive Officer
(403) 262-4854 or Toll free: 1 (866) 405-4854
(403) 265-6877 (FAX)
Arsenal Energy Inc.
J. Paul Lawrence
Vice President Finance and Chief Financial Officer
(403) 262-4854 or Toll free: 1 (866) 405-4854
(403) 265-6877 (FAX)
Arsenal Energy Inc.
Suite 1900, 639 - 5th Avenue SW
Calgary, Alberta T2P 0M9
[email protected]
www.arsenalenergy.com
To receive company news releases via e-mail, please advise [email protected] and specify 'Arsenal Press Releases' in the subject line.
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Arsenal Energy Inc.
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CODE : AEI.TO |
ISIN : CA04287U4063 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Arsenal Energy is a exploration company based in Canada. Arsenal Energy is listed in Canada and in Germany. Its market capitalisation is CA$ 22.5 millions as of today (US$ 17.1 millions, € 15.2 millions). Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.13, and its highest recent level on December 10, 2010 at CA$ 9.91. Arsenal Energy has 19 420 000 shares outstanding. |