|Bid||0.1950 x 0|
|Ask||0.2000 x 0|
|Day's Range||0.1900 - 0.2000|
|52 Week Range||0.0900 - 0.3200|
|Beta (5Y Monthly)||2.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 19, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.40|
PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the closing of its previously announced recapitalization transaction (the "Transaction"), which included a private placement of additional equity (the "Private Placement"), a rights offering (the "Rights Offering") and the exchange of all outstanding Preferred Shares (which had been issued by the Company's wholly owned subsidiary) for common shares (the "Preferred Share Exchange"). The Rights Offering, combined with the concurrent Private Placement to the Company's two largest shareholders as described more fully below, raised total aggregate gross proceeds of $30 million.
PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce that it has entered into a formal agreement with the syndicate of lenders under its senior secured credit facility (the "Credit Facility") whereby such lenders have agreed, subject to the satisfaction of certain conditions, including the concurrent completion of the Company's previously announced recapitalization transaction (the "Transaction"), to (among other things) maintain the Company's current borrowing base at US$177.5 million and to extend the maturity date of the Credit Facility to June 2023 subject to semi-annual reviews by the lenders to confirm the credit capacity of the Company (the "Credit Facility Amendment").