PetroTal Corp. Performance Warrants and Total Voting Rights (8359F)
24 Marzo 2022 - 1:00AM
UK Regulatory
TIDMPTAL
RNS Number : 8359F
PetroTal Corp.
24 March 2022
PetroTal Announces Exercise of Performance Warrants and Total
Voting Rights
Calgary, AB and Houston, TX - March 24, 2022 - PetroTal Corp.
("PetroTal" or the "Company") (TSX-V: TAL, AIM: PTAL and OTCQX:
PTALF) announces that it received a notice to exercise 267,500
Performance Warrants at a price of US$0.1869 per Common Share.
Accordingly, PetroTal received a total of US$49,995.75 in respect
for the warrants exercised.
Following this warrant exercise, the Company will have
18,795,100 Performance Warrants outstanding. Application will be
made for admission of the 267,500 common shares, which will rank
pari passu with existing Common Shares, to trading on AIM
("Admission"), which is expected to occur on or around March 29,
2022.
Following Admission, the Company will have 834,693,520 common
shares issued and there are no shares held in treasury. This figure
may be used by shareholders as the denominator for the calculations
to determine if they are required to notify their interest in, or a
change of their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
ABOUT PETROTAL
PetroTal is a publicly traded, tri--quoted (TSXV: TAL, AIM: PTAL
and OTCQX: PTALF) oil and gas development and production Company
domiciled in Calgary, Alberta, focused on the development of oil
assets in Peru. PetroTal's flagship asset is its 100% working
interest in Bretana oil field in Peru's Block 95 where oil
production was initiated in June 2018. In early 2020, Petrotal
became the second largest crude oil producer in Peru. The Company's
management team has significant experience in developing and
exploring for oil in Peru and is led by a Board of Directors that
is focused on safely and cost effectively developing the Bretana
oil field. It is actively building new initiatives to champion
community sensitive energy production, benefiting all
stakeholders.
For further information, please see the Company's website at
www.petrotal-corp.com , the Company's filed documents at
www.sedar.com , or below:
Douglas Urch
Executive Vice President and Chief Financial Officer
Durch@PetroTal-Corp.com
T: (713) 609-9101
Manolo Zuniga
President and Chief Executive Officer
Mzuniga@PetroTal-Corp.com
T: (713) 609-9101
PetroTal Investor Relations
InvestorRelations@PetroTal-Corp.com
Celicourt Communications
Mark Antelme / Jimmy Lea
petrotal@celicourt.uk
T : 44 (0) 208 434 2643
Strand Hanson Limited (Nominated & Financial Adviser)
Ritchie Balmer / James Spinney / Robert Collins
T: 44 (0) 207 409 3494
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart / Simon Mensley / Ashton Clanfield
Tel: +44 (0) 20 7710 7600
Auctus Advisors LLP (Joint Broker)
Jonathan Wright
T: +44 (0) 7711 627449
READER ADVISORIES
FORWARD-LOOKING STATEMENTS: This press release contains certain
statements that may be deemed to be forward-looking statements.
Such statements relate to possible future events, including, but
not limited to: PetroTal's business strategy, objectives, strength
and focus; and the impact of social disruption on the Company's
operations, including a potential field shutdown at Bretana. All
statements other than statements of historical fact may be
forward-looking statements. Forward- looking statements are often,
but not always, identified by the use of words such as
"anticipate", "believe", "expect", "plan", "estimate", "potential",
"will", "should", "continue", "may", "objective" and similar
expressions. The forward-looking statements are based on certain
key expectations and assumptions made by the Company. Although the
Company believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because the
Company can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. Please
refer to the risk factors identified in the Company's annual
information form for the year ended December 31, 2020 and
management's discussion and analysis for the three and nine months
ended September 30, 2021 which are available on SEDAR at
www.sedar.com. The forward-looking statements contained in this
press release are made as of the date hereof and the Company
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRPPUMWWUPPPPW
(END) Dow Jones Newswires
March 24, 2022 03:00 ET (07:00 GMT)
Petrotal (LSE:PTAL)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Petrotal (LSE:PTAL)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024