| NEW YORK, March 26, 2012 (GLOBE NEWSWIRE) -- American Energy Development Corp. (AED) (OTCBB:AEDC) is pleased to announce it has drawn $1,000,000 from a previously announced $7,800,000 financing agreement to continue development of its Michigan assets. Following the successful commencement of production from the Brown 2-12 well and the ending of the recent short Frost Law period, AED is preparing to resume its drilling program in Michigan targeting Niagaran reef structures. The company will also con...continued AEDC |
Monday, March 26, 2012
American Energy Development Corp. Draws Down $1, 000, 000 to Continue Development of the Dansville and White-Tail Prospects in Michigan
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