About Arsenal Energy Inc.
In June 2016, Arsenal eliminated all of its bank borrowings through the sale of all of its US properties (May 2016) and two of its Canadian properties (June 2016) generating gross proceeds of approximately $54.0 million. Arsenal currently produces approximately 1,250 Boe per day of primarily medium grade crude from properties at Princess, Provost and Evi, all in Alberta.
In June 2016, Arsenal entered into an Arrangement Agreement with Lone Pine Resources Canada Ltd. to combine the two companies.
Special Meeting of Shareholders
When: Thursday, September 8, 2016 at 2:30 p.m. (Calgary time)
Where: Viking Room
Calgary Petroleum Club
319 – 5th Avenue SW
Calgary, Alberta T2P OL5