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 Winkoop
President and Chief Executive Officer
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)
ir@arsenalenergy.com