CALGARY, Dec. 11, 2018 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH, OTCQX: PSHIF) announces that pursuant to its Restricted Bonus Award Incentive Plan ("Plan"), an aggregate of 475,000 restricted awards ("Awards") were granted to certain officers and employees of PetroShale. The Awards vest as to one-third on March 31, 2020, as to one-third on March 31, 2021 and as to the remaining one-third on December 1, 2021, and expire on December 15, 2021. 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.
PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks.
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.
SOURCE PetroShale Inc.
For further information: 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]