pcNewsWire – PetroShale Inc. (TSX-V: PSH; OTCQX: PSHIF) has closed previously announced private placement to Mike Wood, recently appointed President & CEO of the company, of 384,615 common shares at $1.30 per share for gross proceeds of $500,000.
Proceeds of the private placement will be used for general corporate purposes.
News Release
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
PETROSHALE ANNOUNCES CLOSING OF PRIVATE PLACEMENT
CALGARY, ALBERTA, June 26, 2017 – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce the closing of its previously announced private placement to Mr. Mike Wood, the recently appointed President and Chief Executive Officer of the Company, of 384,615 common voting shares at a price of $1.30 per share for aggregate proceeds of $500,000.
The Company intends to use the proceeds of the private placement for general corporate purposes. The common voting shares issued in connection with the private placement are subject to a four month plus one day regulatory hold period.
About PetroShale
PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks.
For more information, please contact:
PetroShale Inc.
Attention: Executive Chairman of the Board
Email: Info@PetroShaleInc.com
Phone: +1.303.297.1407
www.petroshaleinc.com
or
Cindy Gray
5 Quarters Investor Relations, Inc.
403.828.0146 or info@5qir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
