Business
PetroTal Announces Exercise of Investor Warrants and Total Voting Rights
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - October 26, 2021) - PetroTal Corp. (TSX...
About this update from Petrotal Corp.
[{"type":"text","content":"PetroTal Announces Exercise of Investor Warrants and Total Voting RightsCalgary, Alberta and Houston, Texas--(Newsfile Corp. - October 26, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) (\"PetroTal\" or the \"Company\") announces that it received a notice to exercise 2,352,941 Investor Warrants over 2,352,941 Common Shares at a price of 16 pence per Common Share from an investor in relation to the Investor Warrants issued as part of the fundraising announced by the Company on June 12, 2020.Accordingly, PetroTal has received £376,420 for the warrant exercise, and has issued 2,352,941 new Common Shares (\"Warrant Shares\") to the investors. Subsequent to the warrant exercise, the Company will have 66,749,055 Investor Warrants outstanding.Application will be made for admission of the 2,352,941 Warrant Shares, which will rank pari passu with existing Common Shares, to trading on AIM (\"Admission\"). It is expected that the Admission will become effective, and trading will commence at 8.00 am on October 29, 2021.Following Admission, the Company will have 825,667,172 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 PETROTALPetroTal is a publicly traded, tri‐quoted (TSXV: TAL) (AIM: PTAL) (OTC Pink: 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 UrchExecutive Vice...