Artisan Energy Announces Non-Brokered Private Placement
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 08/06/13 -- Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE: AEC) is pleased to announce a non-brokered private placement (the "Private Placement") of up to a maximum of 12,500,000 Common Shares at a price of $0.40 per Common Share for aggregate gross proceeds of up to a maximum of $5,000,000. Up to $1,000,000 of the Private Placement may be completed through the sale of Common Shares issued on a "flow-through" basis under the Income Tax Act (Canada), at a price of $0.46 per Flow-Through Common Share for a maximum of 2,173,913 Flow-Through Common Shares.
Insiders of the Corporation are anticipated to participate in the Private Placement for $500,000 to $1,000,000, and Artisan has received an indication of a $2,000,000 lead order from a financing group that participated in the Corporation's financing done in November 2012, in conjunction with its listing on the TSXV. Prior to completion of the Private Placement, Insiders of the Corporation own or control, directly or indirectly, 26,515,000 (45.7%) of the Corporation's issued and outstanding Common Shares.
Artisan may pay a finder's fee of up to 6.5% of the aggregate subscriptions secured by eligible finders. The proceeds of the Private Placement will be used for general working capital purposes and the drilling of the fourth horizontal Belly River oil well at the Corporation's Ferrybank property in Central Alberta.
The Common Shares and Flow-Through Common Shares will not be registered under the U.S Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is not an offer for sale, or solicitation of an offer to buy, in the United States of any equity shares or any other securities of Artisan.
It is currently anticipated that the Private Placement will have an initial closing on August 23, 2013 and a second closing on September 13, 2013 (the "Closing Dates"). The Common Shares and Flow-Through Common Shares issued pursuant to the Private Placement will be subject to a four-month hold period from the Closing Dates in accordance with applicable securities legislation. Closing of the Private Placement is not subject to a minimum subscription amount but shall be subject to receipt of all regulatory approvals.
Advisory
This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws relating to the anticipated participation of insiders and indication of a lead order and the Private Placement, including statements regarding amounts of insider participation and of a lead order, as well as the terms, timing, completion of the Private Placement and use of proceeds of the Private Placement. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the insider participation and the indication of a lead order will not occur with the proposed Private Placement and that the Private Placement will not be completed. The statements in this press release are made as of the date of this release. Artisan undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of Artisan or their respective financial or operating results or (as applicable), their securities, except as otherwise required by applicable securities law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Artisan Energy Corporation
Rick Ironside
President & CEO
(403) 984-9275
Artisan Energy Corporation
John Bell
Vice-President Finance & CFO
(403) 984-9275
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Datum: 06.08.2013 - 12:34 Uhr
Sprache: Deutsch
News-ID 284986
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contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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