OTCPK:AETLF - Post by User
Post by
InvestLargeCon Jun 29, 2016 3:42pm
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Post# 25009905
Deal Closed, Debt Is ZERO
Deal Closed, Debt Is ZERO And now after becoming debt-free, AEI proceeds with the deal with Goldman Sachs' subsidiary Lone Pine...This is for those who realize the huge importance of a strong balance sheet. The others can buy TBE or LTS or PMT or SOG...
But don't whine later if you lose your money, ok?
Arsenal Energy Inc. Announces Closing of Property Sales
CALGARY, June 28, 2016 – Arsenal Energy Inc. (“Arsenal” or the “Company”) (TSX: AEI) (OTCQX: 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.