CALGARY,
AB, May 24, 2022 /CNW/ - Lucero Energy
Corp. ("Lucero" or the "Company") (formerly
PetroShale Inc.) (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce
that it has completed the corporate name change from PetroShale
Inc. to Lucero Energy Corp. In connection with the name change, the
common shares of the Company will commence trading on the TSX
Venture Exchange under the new name and the new stock trading
symbol of "LOU" effective at the opening of trading on May 26, 2022. The Company's new CUSIP number is
54947L106 and its new ISIN number is CA54947L1067. Shareholders are
not required to take any steps to exchange their share certificates
as a result of these changes.
Lucero also announces that pursuant to its Bonus Award Incentive
Plan ("Plan"), an aggregate of 3,381,654 restricted awards
and 13,526,596 performance awards were granted to certain officers
of the Company. The awards vest as to one-third on each of
September 10, 2023, September 10, 2024 and September 10, 2025 and expire December 15, 2025. The awards may be settled by
Lucero, at the Company's sole discretion, in cash and/or Common
Shares, in accordance with the terms of the Plan.
About Lucero Energy Corp.
Lucero is an oil company engaged in the acquisition,
development, and production of high-quality oil-weighted assets in
the North Dakota Bakken / Three Forks. Lucero's strategic
priorities include successfully managing its cyclical business with
balance sheet strength, a focus on asset quality and robust capital
efficiencies, management of corporate decline profile for
sustainability and using funds flow to maintain or grow the asset
base with the ultimate goal being a return of capital to
shareholders.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE PetroShale Inc.
