CALGARY, Alberta, Dec. 06, 2017 (GLOBE NEWSWIRE) — PetroShale Inc. (“PetroShale” or the “Company“) (TSXV:PSH) (OTCQX:PSHIF) announces that pursuant to its Restricted Bonus Award Incentive Plan (“Plan“), an aggregate of 2,625,000 restricted awards (“Awards“) were granted to certain directors, officers and employees of PetroShale. The Awards vest in equal instalments on each of the three years from the date of grant, and expire on December 15, 2020. The Awards may be settled by PetroShale, in its sole discretion, in cash and/or voting common shares of PetroShale, in accordance with the terms of the Plan.
About PetroShale
PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks.
For more information, please contact:
PetroShale Inc.
Attention: President and CEO
Email: [email protected]
Phone: +1.303.297.1407
www.petroshaleinc.com
or
Cindy Gray
5 Quarters Investor Relations, Inc.
403.828.0146 or [email protected]
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.