Pacific Energy Development Announces Closing of Public Offering of Common Stock

DANVILLE, CA–(Marketwired – May 18, 2015) – PEDEVCO Corp., d/b/a Pacific Energy Development (NYSE MKT: PED), a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects, including shale oil and gas assets, in the United States, announced today the closing of its previously disclosed underwritten public offering of 5,600,000 shares of its common stock. In connection with the offering, the company has also granted the underwriter a 45-day option to purchase up to 840,000 additional shares of common stock from the company to cover any over-allotments, if any.