Brief: PetroShale Announces Strategic Acquisition, $40 Mln Bought Deal Financing, Concurrent Private Placement

Lucero Energy

12/07/2018 13:43

July 12 (Reuters) - PetroShale Inc  PSH.V :
    * PETROSHALE ANNOUNCES STRATEGIC ACQUISITION, $40 MILLION
BOUGHT
DEAL FINANCING, CONCURRENT PRIVATE PLACEMENT AND OPERATIONS
UPDATE
    * PETROSHALE INC -  TOTAL CONSIDERATION FOR ACQUISITION IS
US$55
MILLION PAYABLE IN CASH
    * PETROSHALE - ENTERED AGREEMENT WITH INDEPENDENT OIL AND
GAS
COMPANY TO ACQUIRE LIGHT OIL-WEIGHTED ASSETS IN CORE OF FOCUS
AREA IN NORTH DAKOTA BAKKEN
    * PETROSHALE - GROSS PROCEEDS OF FINANCINGS EXPECTED TO BE
$50
MILLION, MAXIMUM GROSS PROCEEDS THAT COULD BE RAISED UNDER
FINANCINGS ARE ABOUT $56 MILLION

Source text for Eikon:  ID:nGNXbtHppW 
Further company coverage:  PSH.V 

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