CALGARY, ALBERTA--(Marketwired - April 20, 2017) - Petrocapita Income Trust
(CNSX:PCE.UN)(CSE:PCE.UN)(CSE:PCE.UN.CN) ("Petrocapita")
announces the close of an additional $333,000, for aggregate gross proceeds to date of $7,285,000 from the sale of its 8% secured
convertible debentures (the "Convertible Debentures") pursuant to its previously announced private placement offering of these
Convertible Debentures.
This is in addition to the previously announced gross proceeds from the sale of a $5,000,000 secured debenture (the
"Debenture") of which $3,000,000, plus or minus any final post-closing adjustments was spent for the acquisition of the assets of
Palliser Oil and Gas Corporation pursuant to its previously announced private placement offering of this Debenture and the
acquisition.
Details related to the Convertible Debenture closings to date have been filed with the Canadian Securities Exchange (www.theCSE.com) and under Petrocapita's profile on SEDAR (www.sedar.com).
About Petrocapita
Petrocapita Income Trust is a Specified Investment Flow Through trust developing and acquiring heavy oil production and
infrastructure assets in the Lloydminster area of east central Alberta and west central Saskatchewan through its wholly owned
subsidiary, Petrocapita Oil and Gas L.P. Petrocapita owns and/or operates 445 gross (426.3 net) oil wells, 91 gross (22 net) gas
wells, 19 produced water disposal facilities, 3 custom oil processing facilities, 4 natural gas compressor stations, 72.75
km in pipelines, oil well service rigs, fluid haul tractors and trailers, motor graders, and well site processing equipment. It
is seeking accretive opportunities to acquire both oil production and complimentary midstream assets during a cyclical low in the
oil and gas markets.