Brief: Petroshale announces equity offering and amendments to its senior credit facility

Lucero Energy

21/03/2017 20:54

March 21 (Reuters) - Petroshale Inc  PSH.V  
    * Petroshale announces equity offering and amendments to its 
senior credit facility 
    * Petroshale Inc says intends to use net proceeds of 
offering for debt repayment, its increased capital program 
    * Petroshale Inc says has entered into an agreement with its 
lender under its senior secured revolving credit facility 
    * Petroshale -  marketed public offering of a minimum of 
77.8 million common voting shares and a maximum of 111.2 million 
shares 
    * Petroshale Inc says agreement to provide for an increase 
in borrowing base and credit available thereunder to US$30.9 
million 
    * Petroshale Inc - offering  of a minimum of 77.8 million 
common voting shares, maximum  of 111.2 million shares, each at 
a price of $0.90 per share 
    * Petroshale Inc says agreement also extends revolving term 
of senior credit facility to February 28, 2018 
 
Source text for Eikon:  ID:nCCN4CmsWn  
Further company coverage:  PSH.V  
 
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