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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 $11.5 million. The proceeds were used to eliminate the Corporation's bank indebtedness under its credit facility.
Contact Information
Arsenal Energy Inc.
Tony van Winkoop
President and Chief Executive Officer
(403) 262-4854 or Toll free: 1 (866) 405-4854
(403) 265-6877 (FAX)
Arsenal Energy Inc.
J. Paul Lawrence
Vice President Finance and Chief Financial Officer
(403) 262-4854 or Toll free: 1 (866) 405-4854
(403) 265-6877 (FAX)
Arsenal Energy Inc.
Suite 1900, 639 - 5th Avenue SW
Calgary, Alberta T2P 0M9
[email protected]
www.arsenalenergy.com
To receive company news releases via e-mail, please advise [email protected] and specify 'Arsenal Press Releases' in the subject line.
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Arsenal Energy Inc.
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CODE : AEI.TO |
ISIN : CA04287U4063 |
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Arsenal Energy est une société d’exploration minière basée au Canada. Arsenal Energy est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 22,5 millions CA$ (17,1 millions US$, 15,2 millions €). La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,13 CA$, et son plus haut niveau récent le 10 décembre 2010 à 9,91 CA$. Arsenal Energy possède 19 420 000 actions en circulation. |