Exchange Bulletin

Artisan Energy Corporation (AEC.DB) To Trade On Toronto Stock Exchange


October 24, 2014

ARTISAN ENERGY CORPORATION ("AEC.DB")
BULLETIN TYPE: New Listing-Debentures
BULLETIN DATE: October 23, 2014
TSX Venture Tier 1 Company

Effective at the opening on Friday, October 24, 2014, the debentures of the
Company will commence trading on TSX Venture Exchange. The Company is classified as an 'Oil and Gas Exploration and Development' company.

Corporate Jurisdiction: Alberta

Capitalization: $5,362,000 Debentures are issued and outstanding

Transfer Agent: Valiant Trust Company
Trading Symbol: AEC.DB
CUSIP Number: 04315WAA9

The Debentures were issued pursuant to a Trust Indenture dated May 30, 2014.

Details of the Debentures:

Maturity Date: May 30, 2017

Redemption: The Debentures may be redeemed, at the option of the Company, in whole or in part, upon not more than 60 days and not less than 30 days prior written notice to the Debenture holders at any time prior to the Maturity Date.
On and after August 30, 2014 and prior to the Maturity Date, the Debentures may be redeemed at the option of the Company at the redemption price equal to the principal amount of the Debentures plus an amount equal to accrued but previously unpaid interest that would be payable up until November 30, 2015 (which, for clarity, shall be paid regardless of when redemption occurs), and if the redemption occurs on or after November 30, 2015, the Company shall pay any additional accrued and unpaid interest and otherwise on the terms and conditions described in the Indenture.

Interest: The Debentures will bear interest at the rate of 9% per annum, payable in equal cash installments quarterly, in arrears, on February 28 (or
February 29, if applicable), May 31, August 31 and November 30 in each year, computed on the basis of a 365 day year, commencing on August 31, 2014.

Subordination: The payment of principal and interest on the Debentures is subordinated in right of payment to the extent set forth in the trust indenture governing the Debentures to the prior payment in full of all existing and future senior indebtedness of the company. Each Debenture shall rank pari passu with each other Debenture issued under the Indenture.

Conversion: Each Debenture is convertible, at the Debenture holder's option, into voting common shares at any time prior to the close of business on the Business Day immediately preceding the Maturity Date at $0.60 per voting common share, being a ratio of approximately 1,667 voting common shares issued per $1,000 principal amount of the Debentures.

Clearing and Settlement: The Debentures will clear and settle through CDS.

Board Lot: The Debentures will trade in a board lot size of $1,000 face value.

For further information, please refer to the Company's press release dated June 16, 2014 and the Exchange's bulletin dated October 6, 2014.