PETROSHARE CORP. (OTCMKTS:PRHR) Files An 8-K Submission of Matters to a Vote of Security Holders

22

PETROSHARE CORP. (OTCMKTS:PRHR) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.

On October10, 2017, PetroShare Corp. (the “Company”) held its annual meeting of shareholders. Of the 22,654,537 shares outstanding and entitled to vote at the meeting, 19,066,018 shares were voted, or 84% of the outstanding shares entitled to vote.

At the annual meeting, the shareholders elected the six individuals nominated to be directors, approved granting the Company’s Board of Directors the discretion to implement a reverse stock split of the Company’s common stock (“Reverse Split”), approved an Amendment to the Company’s Articles of Incorporation to permit a reduction in the quorum requirement for a meeting of shareholders (“Articles Amendment”), and ratified the appointment of Eide Bailly LLP as the Company’s independent registered public accounting firm for the year ending December31, 2017.

For a description of the Reverse Split, please see Proposal 2 and for a description of the Articles Amendment, please see Proposal 3, each in the Company’s proxy statement for its 2017 annual meeting, filed as Exhibit99.1 to the Company’s current report on Form8-K filed on September15, 2017.

Election results for the directors elected at the meeting are as follows:

NumberofShares

NameofNominee

For

Withheld

BrokerNon-Votes

Bill M. Conrad

16,988,850

25,000

2,052,168

Stephen J. Foley

16,988,850

25,000

2,052,168

Frederick J. Witsell

16,988,850

25,000

2,052,168

James H. Sinclair

16,988,850

25,000

2,052,168

Scott C. Chandler

16,988,850

25,000

2,052,168

Douglas R. Harris

16,988,850

25,000

2,052,168

Election results for approval of the Reverse Split are as follows:

For

Against

Abstain

Broker-Non-Votes

15,384,675

1,456,850

172,325

2,052,168

Election results for approval of the Articles Amendment are as follows:

For

Against

Abstain

BrokerNon-Votes

16,127,755

686,095

200,000

2,052,168

Election results for the ratification of the appointment of Eide Bailly LLP as the independent registered public accounting firm for the year ending December31, 2017 are as follows:

For

Against

Abstain

BrokerNon-Votes

16,803,850

210,000

2,052,168

Item 7.01 Regulation FD Disclosure.

At the annual meeting, representatives of management gave an update on the Company’s business. A copy of the PowerPoint slides presented during the meeting is attached to this report as Exhibit99.1. A copy of the slides will be available on the Company’s website on or about October11, 2017.

The information furnished under this Item 7.01, including the exhibits, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by reference to such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are furnished with this report:

99.1

Annual Meeting Presentation Slides

Cautionary Statement

With the exception of historical matters, the matters discussed in the presentation slides include forward-looking statements within the meaning of applicable securities laws that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained therein. Such forward-looking statements include, among others, statements regarding future exploration, development, and production activities. Factors that could cause actual results to differ materially from projections or estimates include, among others, commodity prices, economic and market conditions, operating costs, receipt of permits, receipt of working capital and future drilling results, as well as other factors described in our Annual Report on Form10-K for the year ended December31, 2016, and other filings with the United States Securities and Exchange Commission (“SEC”). Most of these factors are beyond the Company’s ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made in the presentation slides, whether as a result of new information, future events, or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.


PetroShare Corp. Exhibit
EX-99.1 2 a17-23052_1ex99d1.htm EX-99.1 Exhibit 99.1 October 2017 PetroShare Corp. (OTCQB:PRHR) Corporate Presentation   PetroShare Corp. (“PetroShare”) cautions that this presentation (along with oral commentary that accompanies it) may contain certain forward looking-statements that involve substantial risk and uncertainties and should be read in conjunction with the Company’s filings with the Securities and Exchange Commission . All statements,…
To view the full exhibit click here

About PETROSHARE CORP. (OTCMKTS:PRHR)

PetroShare Corp. is an independent oil and natural gas company. The Company focuses on acquisition, exploration and development of crude oil and natural gas prospects. Its properties are located in Colorado. It has interest in over two gross wells and approximately 3,100 gross acres of oil and gas properties. It has interests in over two crude oil and natural gas prospects, including Buck Peak prospect, which is located in Moffatt County, Colorado, and Todd Creek Farms prospect, which is located in Adams County, Colorado. Its working interest position in the Buck Peak prospect is concentrated in one 672-acre section, including over two drilled wells. It focuses on acquiring acreage and development of the Todd Creek Farms prospect. Its focus in both prospects is the Niobrara formation, which is a calcareous shale rock formation varying from 200 to 1,500 feet in thickness and extending from Canada to New Mexico with the oil and natural gas concentration located in Colorado and Wyoming.

An ad to help with our costs