PetroShale Announces Trading on OTCQX to Enhance Access for U.S. Investors and Closing of North Dakota Acquisition
28 January 2014 - 9:16AM
Marketwired
PetroShale Announces Trading on OTCQX to Enhance Access for U.S.
Investors and Closing of North Dakota Acquisition
CALGARY, ALBERTA--(Marketwired - Jan 27, 2014) - PetroShale Inc.
("PetroShale" or the "Company") (TSX-VENTURE:PSH) (OTCQX:PSHIF) is
pleased to announce that its common shares will commence trading on
OTCQX International, a segment of the OTCQX marketplace in the
U.S., effective January 28th, 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
www.otcmarkets.com.
In addition, PetroShale confirms that the acquisition of
interests in North Dakota, previously announced on January 15,
2014, has now closed. Under the terms of the agreement, PetroShale
paid a finders' fee of US$75,000 to an arm's length third party.
This fee represents less than 3% of the total transaction cost to
the Company.
About PetroShale
PetroShale is a growing oil company committed to value creation
by identifying and consolidating interests in the prolific,
multi-zone Williston Basin in North Dakota and Montana. Through a
strategic relationship with Denver-based Slawson Exploration
Company, Inc. (SECI), a division of Slawson Companies, PetroShale
seeks to leverage SECI's operating expertise to effectively and
efficiently exploit this high-impact resource. PetroShale manages
its risk and capital exposure by acquiring working interests in
fields being developed by large, experienced and capable operators
who employ leading-edge technologies to maximize production,
optimize ultimate recoveries and enhance rates of return.
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.
Note Regarding Forward-Looking Statements and Other
Advisories
This press release contains forward-looking statements and
forward-looking information (collectively "forward-looking
information") within the meaning of applicable securities laws,
including but not limited to statements regarding the commencement
of trading on the OTCQX marketplace and the benefits of trading on
OTCQX to US-based shareholders. Forward-looking information
typically uses words such as "anticipate", "believe", "project",
"expect", "goal", "plan", "intend" or similar words suggesting
future outcomes, statements that actions, events or conditions
"may", "would", "could" or "will" be taken or occur in the future.
Although the Company believes that the expectations and assumptions
on which such forward-looking information is based are reasonable,
undue reliance should not be placed on the forward-looking
information because the Company can give no assurance that they
will prove to be correct. Since forward-looking information
addresses future events and conditions, by its very nature they
involve inherent risks and uncertainties. Except as required under
applicable securities legislation, the Company undertakes no
obligation to publicly update or revise forward-looking
information, whether as a result of new information, future events,
or otherwise.
PetroShale Inc.Attention: Executive Chairman and
CEO+1.303.297.1407Info@PetroShaleInc.comwww.petroshaleinc.com5
Quarters Investor Relations, Inc.Cindy
Gray403.828.0146cgray@5qir.com
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