PETROSHALE ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING
PetroShale closes $6.5-million private placement
2014-06-02 17:36 ET - News Release
Mr. Bruce Chernoff reports
PETROSHALE ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING
PetroShale Inc. has closed its previously announced non-brokered private placement of five million common voting shares of the company for total gross proceeds of $6.5-million.
Each of the directors and officers of the company participated in the private placement subscribing for a total of approximately 3.4 million shares.
The shares issued pursuant to the private placement are subject to a statutory hold period of four months and one day expiring on Oct. 3, 2014.