Artisan Energy Corporation

Artisan Energy Corporation

February 14, 2014 08:00 ET

Artisan Energy Announces Extension to Closing of Viking Light Oil Acquisition

CALGARY, ALBERTA--(Marketwired - Feb. 14, 2014) - As previously announced, Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) and Magnum Energy Inc. ("Magnum") (TSX VENTURE:MEN) have entered into a purchase and sale agreement (subject to certain closing conditions) pursuant to which Artisan will acquire Magnum's 50% working interest in 2,720 gross acres (1,360 net acres) of land in the Provost area of Alberta (the "Provost Asset"). The purchase and sale agreement has been amended to extend the closing date to March 14, 2014, with an effective date of January 31, 2014.

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