PetroShare Corp. has closed 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.
PetroShare Corp. was notified that its application to have its common stock quoted on OTCQB of OTCLink (OTCQB) was approved. As a result, the Company's stock will be available for trading on November 23, 2015 under the symbol PRHR.