CHATHAM, ONTARIO--(Marketwire - March 19, 2012) - PetroShale Inc. (formerly Algonquin Oil & Gas Limited) ("PetroShale") announces that it has granted stock options to acquire up to an aggregate of 1,441,281 common shares of PetroShale to certain directors and officers of PetroShale. The stock options are exercisable for a five year term at a price of $1.50 per common share. The options vest in three equal tranches beginning September 1, 2012 and then on each of the two following anniversaries. The stock options, and any common shares issued upon exercise of the stock options, are subject to a four month resale restriction.
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Contact Information:
James Fair
President and Chief Executive Officer
fairjd@sbcglobal.net