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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