WellDog oversubscribes US$4 million financing round

Company completes interim close on convertible and venture debt raise

(Laramie, WY) – WellDog announced today that it has successfully completed interim close of an oversubscribed US$4 million fundraising round opened in September 2016.  The round was supported by existing institutional and individual shareholders and attracted new investors into both convertible note and venture debt instruments.

The company is accepting a limited number of additional oversubscriptions in anticipation of a final close this quarter.

Funds are being used to restructure debt and position for growth in preparation for a larger institutional round scheduled for mid- to late-2017.