Arsenal Energy Inc.

Arsenal Energy Inc.

June 28, 2016 18:07 ET

Arsenal Energy Inc. Announces Closing of Property Sales

CALGARY, ALBERTA--(Marketwired - June 28, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Corporation") (TSX:AEI)(OTC PINK: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.

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Contact Information

  • Arsenal Energy Inc.
    Tony van Winkoop
    President and Chief Executive Officer

    Arsenal Energy Inc.
    J. Paul Lawrence
    Vice President, Finance and Chief Financial Officer
    (403) 262-4854
    (403)-265-6877 (FAX)