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A. ALSHINBAYEV ANNOUNCES DISPOSITION OF COMMON SHARES OF PETROTAL CORP. TO BLUE HARBOUR CAPITAL SECURITIES FUND I
A. ALSHINBAYEV ANNOUNCES DISPOSITION OF COMMON SHARES OF PETROTAL CORP. TO BLUE HARBOUR CAPITAL S...
About this update from Petrotal Corp.
[{"type":"text","content":"\n\n\n\n A. ALSHINBAYEV ANNOUNCES DISPOSITION OF COMMON SHARES OF PETROTAL CORP. TO BLUE HARBOUR CAPITAL SECURITIES FUND I\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n HONG KONG\n \n\n ,\n \n\n Sept. 3, 2024\n \n\n /CNW/ - Mr. Askar Alshinbayev (\"\n \n AA\n \n \") reports that, on\n \n August 29, 2024\n \n , he transferred ownership and control of 182,000,000 common shares (the \"\n \n Common Shares\n \n \") of PetroTal Corp. (\"\n \n PetroTal\n \n \") (TSXV: TAL) (AIM: PTAL) to Blue Harbour Capital Fund I OFC, acting on behalf of Blue Harbour Capital Securities Fund I (\"\n \n Blue Harbour\n \n \"). The transfer was privately arranged and did not take place through the facilities of any stock exchange or any other marketplace. The aggregate consideration received by AA for the transfer of the Common Shares consisted of approximately 1,889.5968 Investor Shares of Blue Harbour Capital Securities Fund I, having an aggregate value of\n \n C$127,400,000\n \n , being a price of approximately\n \n C$0.70\n \n per Common Share.\n \n\n Immediately prior to the transfer, AA owned 206,047,157 Common Shares, representing approximately 22.54% of the issued and outstanding Common Shares of PetroTal, on a non-diluted basis. Following the transfer, AA owned 24,047,157 Common Shares, representing approximately 2.63% of the issued and outstanding Common Shares of PetroTal, on a non-diluted basis. As a result of the transfer, AA is no longer subject to the 10.0% threshold requiring disclosure under National Instrument 62-103 –\n \n The Early Warning System and Related Take-Over Bid and Insider Reporting Issues\n \n (\"\n \n NI 62-103\n \n \").\n \n\n Immediately prior to the transfer, Blue Harbour owned no Common Shares of PetroTal. Following the transfer, Blue Harbour AA owned 182,000,000 Common Shares, representing approximately 19.91% of the issued and outstanding Common Shares of PetroTal, on a non-diluted basis. As a result of the transfer, Blue Harbour is now subject to the 10.0% threshold requiring disclosure under NI 62-103.\n \...