Arsenal Energy Inc. Declares Quarterly Dividend
February 11 2014 - 11:12AM
Marketwired
Arsenal Energy Inc. Declares Quarterly Dividend
CALGARY, ALBERTA--(Marketwired - Feb 11, 2014) - Arsenal Energy
Inc. ("Arsenal") (TSX:AEI)(PINKSHEETS:AEYIF) is pleased to announce
that the Board of Directors has declared a quarterly dividend of
$0.06 per common share. The dividend is payable on February 28,
2014 to shareholders of record at the close of business on February
21, 2014. The ex-dividend date is February 19, 2014. The dividend
is an eligible dividend for the purposes of the Income Tax Act
(Canada).
Arsenal is a growth oriented dividend-paying oil and gas
corporation based in Calgary, Alberta.
For further information on Arsenal, please visit our website at
www.arsenalenergy.com.
To receive Company news releases via e-mail, please advise
info@arsenalenergy.com and specify "Arsenal Press Release" in the
subject line.
Advisory
There is no assurance that future dividends will be declared or
the timing or amount of any future dividend. The payments of
dividends or distributions in the future are within the discretion
of the Corporation's Board of Directors and are dependent on
numerous factors including the Corporation's cash flow, capital
expenditure budgets, earning, financial conditions, the
satisfaction of the applicable solvency test in the Corporation's
governing statue (the Business Corporation Act (Alberta)), and such
other factors as the Board of Directors may consider appropriate
from time to time. The Corporation's ability to continue to pay
dividends in the future is also subject to many other factors
including falling commodity prices, repatriation restrictions,
disruptions or reductions in production or collection of
receivables following sales of production. Dividend payments to
shareholders will be subject to applicable statutory deductions and
tax withholdings prescribed by the applicable law. There is also no
assurance that future drawdowns of the secured term loan facility
will be available to the Corporation when requested or at all.
Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
plans, intentions or expectations upon which they are based will
occur. By their nature, forward-looking statements may involve
numerous assumptions, known and unknown risks and uncertainties,
both general and specific, that contribute to the possibility that
the predictions, forecasts, projections and other forward-looking
statements will not occur, which may cause actual performance and
results in future periods to differ materially from any estimates
or projections of future performance or results expressed or
implied by such forward-looking statements. These assumptions,
risks and uncertainties include, among other things the state of
the timely receipt of exchange approvals. Readers are cautioned
that the foregoing lists of factors are not exhaustive. The
forward-looking statements contained in this news release are made
as of the date hereof and Arsenal undertakes no obligation to
update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.
Arsenal Energy Inc.Tony van WinkoopPresident and Chief Executive
Officer(403) 262-4854 or Toll free: 1 (866) 405-4854(403)
265-6877Arsenal Energy Inc.J. Paul LawrenceVice President Finance
and Chief Financial Officer(403) 262-4854 or Toll free: 1 (866)
405-4854(403) 265-6877Arsenal Energy Inc.Suite 1900, 639 - 5th
Avenue SWCalgary, Alberta T2P
0M9info@arsenalenergy.comwww.arsenalenergy.com