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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	5/10/2013 6:48:27 PM
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Arsenal Energy (AEI-T) www.arsenalenergy.com 160.2 million o/s Insiders own 13% $2.2 million cash (as of March 31, 2013) Current production 4,100 Boe/d _________________________________________________________________________________ Arsenal closes bought-deal financing for $2.02-million May 8, 2013 - News Release Arsenal Energy Inc. has closed its previously announced bought-deal equity financing (see Arsenal's press release of April 24, 2013) and has issued 3.75 million common shares on a flow-through-share basis at a subscription price of 54 cents per flow-through share for aggregate gross proceeds of $2,025,000. All of the flow-through shares are subject to a hold period under applicable securities laws until Sept. 9, 2013. Casimir Capital Ltd. acted as underwriter of the offering. The proceeds from the sale of the flow-through shares will be used to incur Canadian exploration expense for the purposes of the Income Tax Act (Canada), and such CEE will be renounced for the 2013 taxation year. We seek Safe Harbor. Company presentation arsenalenergy.com

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