Petrocapita Announces Aggregate Proceeds of $832,191.36 Preferred Trust Units and Tied Class ‘A’ Shares (Tied Offering)

FOR: PETROCAPITA INCOME TRUST
CSE SYMBOL: PCE.UN
CSE SYMBOL: PCE.UN.CN

Date issue: March 17, 2017
Time in: 4:23 PM e

Attention:

CALGARY, ALBERTA--(Marketwired - March 17, 2017) - Petrocapita Income Trust (CSE:PCE.UN)(CSE:PCE.UN.CN) ("Petrocapita" or the "Trust") announces the initial Close in the sum of $832,000.00 of its 9% Preferred Trust Units and $191.36 tied Class 'A' Shares pursuant to the February 08, 2017 announcement of the $20 million Preferred Unit Offering.

Details related to the Tied Offering Close have been filed with the Canadian Securities Exchange (www.theCSE.com) and under Petrocapita's profile on SEDAR (www.sedar.com).

About Petrocapita

Petrocapita Income Trust is a Specified Investment Flow Through trust developing and acquiring heavy oil production and infrastructure assets in the Lloydminster area of east central Alberta and west central Saskatchewan through its wholly owned subsidiary, Petrocapita Oil and Gas L.P. Petrocapita owns and operates 445 gross (426.3 net) oil wells, 89 gross (20 net) gas wells, 19 produced water disposal facilities, 3 custom oil processing facilities, 3 natural gas compressor stations, 72.75 km in pipelines, oil well service rigs, fluid haul tractors and trailers, motor graders, and well site processing equipment. It is seeking accretive opportunities to acquire both oil production and complimentary midstream assets during a cyclical low in the oil and gas markets.

- END RELEASE - 17/03/2017

For further information:
Petrocapita Income Trust
Alex Lemmens
President
(587) 393-3460
OR
Petrocapita Income Trust
Steve Elliott
Investor Relations
(587) 700-8408

COMPANY:
FOR: PETROCAPITA INCOME TRUST
CSE SYMBOL: PCE.UN
CSE SYMBOL: PCE.UN.CN

INDUSTRY: Energy and Utilities - Equipment, Energy and Utilities - Oil and Gas , Financial Services - Investment Services and Trading RELEASE ID: 20170317CC0072

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