Daniel Anderson

February 04, 2015 19:15 ET

Daniel Anderson Announces Holdings in Artisan Energy Corporation

CALGARY, ALBERTA--(Marketwired - Feb. 4, 2015) - As previously reported in the System for Electronic Disclosure by Insiders, Daniel Anderson announces that he holds ownership or control over 7,446,888 common shares ("Common Shares") in the capital of Artisan Energy Corporation ("Artisan"), 1,902,124 common share purchase warrants ("Warrants") of Artisan and $100,000 principal amount of convertible debentures of Artisan, representing 8.86% of the issued and outstanding Common Shares on a non-diluted basis and 11.05% of the Common Shares on a partially diluted basis after giving effect to the exercise of the common share purchase warrants and the conversion of the convertible debentures owned by Mr. Anderson.

On November 25, 2014, Mr. Anderson acquired (i) ownership over 1,902,130 Common Shares and 1,902,124 Warrants and (ii) control over 2,572,661 Common Shares which were acquired by Kelly Down Ltd., a company controlled by Mr. Anderson, in private transactions related to Artisan's acquisition of MOGL Corp. ("MOGL") and Spur Energy Corp. ("Spur"), representing 5.32% of the issued and outstanding Common Shares on a non-diluted basis and 7.42% of the Common Shares on a partially diluted basis after giving effect to the exercise of the common share purchase warrants owned by Mr. Anderson.

Consideration received by Mr. Anderson and Kelly Down Ltd. from Artisan for the acquisition of MOGL consisted of units of Artisan ("Acquisition Units") at a deemed price of $0.25 per Acquisition Unit and Common Shares at a deemed price of $0.25 per Common Share. Consideration received by Mr. Anderson and Kelly Down Ltd. from Artisan for the acquisition of Spur consisted of Common Shares at a deemed price of $0.25 per Common Share. Each Acquisition Unit consisted of one Common Share and one common share purchase warrant of Artisan, each warrant entitling the holder thereof to purchase one Common Share at a price of $0.30 per Common Share for a period of one year from November 25, 2014.

Mr. Anderson acquired the securities of Artisan referred to herein for investment purposes. Mr. Anderson may, in the future, increase or decrease his ownership of securities of Artisan, including pursuant to the exercise of convertible securities depending upon, among other things, the business prospects of Artisan and market conditions.

A copy of Mr. Anderson's early warning report is available on SEDAR at www.sedar.com.

Contact Information

  • Daniel Anderson
    #9, 2200 Varsity Estates Drive N.W.
    Calgary, AB T3B 4Z8
    403-828-7771