PetroShare Corp. (OTCPK:PRHR) is seeking acquisitions. PetroShare plans to use the majority of the net proceeds of approximately $9.0 million from its recently up-sized private offering for completion expenses associated with its non-operated well projects, to initiate location construction and drilling operations on its Shook Pad and pursue additional leasing and acquisition opportunities. PetroShare is actively pursuing additional permitting on its acreage holdings in Adams County, Colorado. Stephen J. Foley, Chief Executive Officer , said, "We will continue to adhere to our disciplined approach to costs and overhead control as we transition from the acquisition and start-up phase in the Company's history to an operating Company with material production volumes expected to result in positive EBITDA growth.”