July 12 (Reuters) - PetroShale Inc PSH.V :
* PETROSHALE ANNOUNCES STRATEGIC ACQUISITION, $40 MILLION BOUGHT DEAL FINANCING, CONCURRENT PRIVATE PLACEMENT AND OPERATIONS UPDATE
* PETROSHALE INC - TOTAL CONSIDERATION FOR ACQUISITION IS US$55 MILLION PAYABLE IN CASH
* PETROSHALE - ENTERED AGREEMENT WITH INDEPENDENT OIL AND GAS COMPANY TO ACQUIRE LIGHT OIL-WEIGHTED ASSETS IN CORE OF FOCUS AREA IN NORTH DAKOTA BAKKEN
* PETROSHALE - GROSS PROCEEDS OF FINANCINGS EXPECTED TO BE $50 MILLION, MAXIMUM GROSS PROCEEDS THAT COULD BE RAISED UNDER FINANCINGS ARE ABOUT $56 MILLION