ND Acquisition closed
PetroShale to trade on OTCQX International Jan. 28
2014-01-27 17:29 ET - News Release
An anonymous director reports
PETROSHALE ANNOUNCES TRADING ON OTCQX TO ENHANCE ACCESS FOR U.S. INVESTORS AND CLOSING OF NORTH DAKOTA ACQUISITION
PetroShale Inc.'s common shares will commence trading on OTCQX International, a segment of the OTCQX marketplace in the United States, effective Jan. 28, under the ticker PSHIF. Trading on OTCQX is designed to provide current and future U.S.-based shareholders with greater access to, and ease of trading in, PetroShale's shares. U.S.-based legal firm Dorsey & Whitney LLP is serving as the company's principal American liaison on OTCQX International. U.S. investors can find current financial disclosures and real-time Level 2 quotes for PetroShale on the OTC Markets website.
In addition, PetroShale confirms that the acquisition of interests in North Dakota, previously announced on Jan. 15, 2014, has now closed. Under the terms of the agreement, PetroShale paid a finder's fee of $75,000 (U.S.) to an arm's-length third party. This fee represents less than 3 per cent of the total transaction cost to the company.
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