Business News • MarketWire • PetroShare Corp. Closes $4.6 Million Public Offering; Approved for Trading on OTCQB |
PetroShare Corp. Closes $4.6 Million Public Offering; Approved for Trading on OTCQB |
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PetroShare Corp. Closes $4.6 Million Public Offering; Approved for Trading on OTCQB
DENVER, CO--(Marketwired - November 20, 2015) - PetroShare Corp. (OTCQB: PRHR), an oil and natural gas producer headquartered in Centennial, Colorado, is pleased to announce the closing of its initial public offering of 4,600,000 shares of common stock at a price of $1.00 per share on November 19, 2015. The gross proceeds of the offering were $4.6 million before deducting underwriting discounts and commission and other offering expenses. PetroShare intends to use the net proceeds from the offering to acquire additional oil and gas leases and implement its drilling program in the Wattenberg Field of northeast Colorado.
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