CALGARY, ALBERTA–(Marketwired – June 26, 2017) – PetroShale Inc. (“PetroShale” or the “Company”) (TSX VENTURE: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.
PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks.
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.