PetroShale Inc.

10:52 AM EST - PetroShale Inc. : Announced that due to substantial interest it has increased the size of its previously announced non-brokered private placement financing of subscription receipts, at an issue price of $1.85 per Subscription Receipt, from 5,405,405 Subscription Receipts to 6,756,905 Subscription Receipts for total gross proceeds of the Concurrent Private Placement of $12,500,275. PetroShale Inc. shares V.PSH are trading up $0.01 at $2.00.