First Reserve agreed to acquire Series A preferred shares in PetroShale's U.S. subsidiary, which will give Managing Director Brooks Shughart a seat on the board. Following this issuance, the Investor will own 2,702,702 common shares and 44,241,698 special voting shares, representing approximately 20.2% of the outstanding voting shares of the Company. PetroShale Announces a Comprehensive Recapitalization Transaction Including a Minimum of $30 Million of New Equity, the Exchange of All Preferred Shares for Common Shares, a … PetroShale originally negotiated this feature of the Preferred Shares with the Investor to facilitate cash flow management in a period of low commodity prices. PSHIF Enterprise Value as of today (March 05, 2021) is $225.8 Mil. CALGARY, AB, Feb. 16, 2021 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) today confirms that it has elected to exercise its right to settle in kind the payment of the quarterly dividend due in February on its outstanding US$75 million Series A preferred shares (the "Preferred Shares";), which are held by First Reserve (the "Investor"). PETROSHALE ANNOUNCES A COMPREHENSIVE RECAPITALIZATION TRANSACTION INCLUDING A MINIMUM OF $30 MILLION OF NEW EQUITY, THE EXCHANGE OF ALL PREFERRED SHARES FOR COMMON SHARES, A RIGHTS OFFERING TO ALL COMMON SHAREHOLDERS AND … The PetroShale (US) preferred shares are, subject to certain conditions, exchangeable into common voting shares in the capital of PetroShale Inc. at an exchange price of C$2.40 per share, representing approximately 20.0% of PetroShale Inc.’s pro-forma voting securities at closing. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Prior to the purchase of the Subsidiary Preferred Shares and the Voting Preferred Shares, the Investor did not own any securities of the Company or PetroShale US. PetroShale Shares Outstanding: 187.62M for June 30, 2020. Following this issuance, the Investor will own 2,702,702 common shares and 42,953,105 special voting shares, representing approximately 19.7% of the outstanding voting shares of the Company. Prior to 2020, the Company has settled each of its quarterly dividend payments on the Preferred Shares in cash. PetroShale Inc. Mike Wood, President and CEO Email: [email protected] Phone: +1.303.297.1407 www.petroshaleinc.com OR Cindy Gray 5 Quarters Investor Relations, Inc. Prior to 2020, the Company has settled each of its quarterly dividend payments on the Preferred Shares in cash. Browse... View Full Chart ... PetroShale Provides Information on Preferred Share Dividend Settlement PR Newswire 11/12 07:00 ET. A copy of the terms of the preferred shares, as amended, will be available for review on the Company’s SEDAR profile at www.sedar.com. CALGARY, AB, Aug. 12, 2020 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQX: PSHIF) today confirms that it has elected to exercise its right to settle in kind the payment of the quarterly dividend due in August on its outstanding US$75 million Series A preferred shares (the "Preferred Shares"), which are held by First Reserve (the "Investor"). PetroShale Announces Amendments To Preferred Share Terms About PetroShale. These proactive measures are in reaction to the current uncertain and … Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support PetroShale originally negotiated this feature of the Preferred Shares with the Investor to facilitate cash flow management in a period of low commodity prices. PetroShale US is entitled to pay its quarterly dividend in kind in respect of a maximum of six fiscal quarters over the … PetroShale has the ability to exercise this right two times in any 12-month period and six times in aggregate over the term of the Preferred Shares. PetroShale arranges recapitalization deal. PetroShale originally negotiated this feature of the Preferred Shares with the Investor to facilitate cash flow management in a period of low commodity prices. CALGARY, AB, Sept. 18, 2020 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQX: PSHIF) is pleased to announce that the terms of the outstanding preferred shares issued by its US subsidiary, PetroShale (US), Inc. ("PetroShale US"), have been amended to provide PetroShale additional flexibility in managing and preserving its liquidity and cash flows. CALGARY, May 4, 2020 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH, OTCQX: PSHIF) today provides a corporate update including information on initiatives designed to reduce cash costs. In depth view into PetroShale Enterprise Value explanation, calculation, historical data and more PetroShale Announces a Comprehensive Recapitalization Transaction Including a Minimum of $30 Million of New Equity, the Exchange of All Preferred Shares for Common Shares… Prior to 2020, the company has settled each of its quarterly dividend payments on the preferred shares in cash. The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings. Get stock quotes, news, fundamentals and easy to read SEC and SEDI insider filings. PetroShale and the holder of the preferred shares have agreed to remove the limitation on the number of payment in kind elections in any twelve-month period. In accordance with the terms of the Preferred Shares, the increase to the liquidation preference increases the amount of voting and exchange rights which accrue to the holder of the Preferred Shares. Preferred Shares that will be settled or repaid in accordance with the terms of the Preferred Shares. Pursuant to the terms of the Investment Agreement, the Investor has agreed to acquire US$75 million of series A preferred shares (the “ Subsidiary Preferred Shares ”) in the Company's wholly owned subsidiary, PetroShale (US), Inc. ("PetroShale US Mr. Jacob Roorda reports. CALGARY, Feb. 16, 2021 - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) today confirms that it has elected to exercise its right to settle in kind the PetroShale announces closing of subscription receipt financings for total gross proceeds of $58.5 million Canada NewsWire CALGARY, Aug. 14, 2018 /NOT FOR DISTRIBUTION TO … About PetroShale. The payment in kind will enable PetroShale to continue preserving liquidity through this period of market volatility and commodity price weakness. View 4,000+ financial data types. Get Stock & Bond Quotes, Trade Prices, Charts, Financials and Company News & Information for OTCQX, OTCQB and Pink Securities. PetroShale Inc. (V:PSH*CA) You have visits remaining to Canadian Company pages this month. The Company has the ability to exercise this right two times in any 12-month period and six times in aggregate over the term of the Preferred Shares. About PetroShale Inc. Detailed price information for Petroshale Inc (PSH-X) from The Globe and Mail including charting and trades. In connection with the Concurrent Private Placement, an entity controlled by Mr. M. Bruce Chernoff, the Executive Chairman of the Company, acquired $5 million of subscription receipts and FR XIII PetroShale Holding L.P. ("First Reserve"), the holder of the Company's outstanding preferred shares, also acquired $5 million of subscription receipts. PetroShale originally negotiated this feature of the Preferred Shares with the Investor to facilitate cash flow management in a period of low commodity prices. About PetroShale. 2021-03-04 13:20 ET - News Release. PetroShale has previously elected to settle, in kind, its quarterly dividends due in May, August and November of 2020. Join us today for unlimited access, INK Research weekly market reports, an alert watch list service and more. CALGARY, May 4, 2020 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH, OTCQX: PSHIF) today provides a corporate update including information on initiatives designed to reduce cash costs.These proactive measures are in reaction to the current uncertain and volatile commodity price environment. Home of the insider insights newsletter and the Canadian Insider Club which offers alerts and premium research. The only place for free North American stock rankings incorporating insider commitment.

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