Artisan Energy Corporation announces that its non-brokered private placement of up to $5.0 million of secured convertible debentures (the "Convertible Debentures") has been over-subscribed. Artisan and Richardson GMP Limited (RGMP) have collectively received subscriptions for $5.362 million of the Convertible Debentures.

Given the size and level of interest for the Convertible Debentures, Artisan and RGMP have decided to increase the maximum subscription amount to $8.0 million and Artisan has retained RGMP to act as agent on a brokered private placement of the Convertible Debentures (the "Offering").

Tags: Artisan Energy Corporation