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Arsenal Energy announces normal course issuer bid and share dividend plan


Published Mar 31, 2014
Arsenal Energy Inc.

Arsenal Energy Inc. has made the necessary filings, and received the necessary approvals, to make a normal course issuer bid through the facilities of the Toronto Stock Exchange and the Alpha Alternative Trading System commencing April 1, 2014 and ending March 31, 2015, or on such earlier date as Arsenal may complete its purchases under the bid.

A total of 804,506 common shares may be acquired under the bid, representing approximately 5 percent of the 16,090,119 common shares outstanding as of March 26, 2014. Pursuant to section 628 of the TSX Company Manual, under the bid Arsenal is permitted to acquire up to 25 percent of the average daily trading volume or, 4,659 common shares per day. Arsenal will acquire its common shares at the market price at the time of purchase, with acquired shares being cancelled.

Tags: Arsenal Energy Inc.




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