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Artisan Energy Corp. Details Corporate Updates

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April 24, 2014

Artisan Energy Corp. (TSXV: AEC.V) undertook a nonbrokered private placement, of up to $5 million, of secured convertible debentures, the company said April 23.

Artisan undertook the placement with a group that has participated in other nonbrokered private placements, the company said.

The private placement is scheduled to close May 31, Artisan added.

The debentures have a three-year term, will bear interest at 9% annually and can be converted into common shares at any time, the company said.

Proceeds will fund working capital deficiency and support some operations, the company ...

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