June 28, 2016 18:07 ET
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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Arsenal Energy Inc.Tony van WinkoopPresident and Chief Executive OfficerArsenal Energy Inc.J. Paul LawrenceVice President, Finance and Chief Financial Officer(403) 262-4854(403)-265-6877 (FAX)firstname.lastname@example.org
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