Arsenal Energy Inc. - 2013-05-08

Closed its bought deal equity financing and issuance of some 3.8 million common shares on a flow-through share basis at $0.54 per share. Proceeds will be used to incur Canadian Exploration Expense (CEE) for the purposes of the Income Tax Act (Canada) and such CEE will be renounced for 2013 taxation year. Casimir Capital Ltd. was underwriter.