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PetroTal Announces Results of Shareholders' Meeting, Director Dealing, TVR and Other Corporate Items
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - September 20, 2022) - PetroTal Corp. (T...
About this update from Petrotal Corp.
[{"type":"text","content":"PetroTal Announces Results of Shareholders' Meeting, Director Dealing, TVR and Other Corporate ItemsCalgary, Alberta and Houston, Texas--(Newsfile Corp. - September 20, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) (\"PetroTal\" or the \"Company\") is pleased to announce that all matters presented for approval at the annual special meeting of shareholders held on September 15, 2022 have been fully authorized and approved. Annual General and Special Meeting on September 15, 2022The Company welcomes two new directors (Messrs. Carranza and Harris), and thanks retiring directors (Messrs. Guidry and Ellson). The following are PetroTal's duly elected Directors: Mark McComiskey - ChairManuel Pablo Zuniga-Pflucker - President and CEOEleanor Barker - Non-Executive DirectorLuis Carranza - Non-Executive DirectorJon Harris - Non-Executive DirectorRoger Tucker - Non-Executive DirectorGavin Wilson - Non-Executive DirectorPSU IssueThe Company also announces that it has issued an aggregate of 5,547,808 Common Shares to employees pursuant to the obligation to annually issue vested performance share units (\"PSUs\") to acquire Common Shares under the Company's performance and restricted share unit plan, as approved by the TSX Venture Exchange on December 12, 2019. Of the 5,547,808 Common Shares issued, 4,442,890 Common Shares were issued to Officers.Further details regarding the Company's PSU plan are set out in the management information circular of the Company dated August 3, 2022 which is available on SEDAR at www.sedar.com. Exercise of Investor WarrantsThe Company has received a notice to exercise 878,220 Investor Warrants at a price of 16 pence per Common Share from an investor in relation to the Investor Warrants issued on June 12, 2020. The Company received proceeds of £140,515 from the Investor Warrants exercised and has issued 878,220 new Common Shares.Exercise of Performance WarrantsThe Company has received a notice to exercise 300,000 Performance Warrants at a price of $0.1869 per Common Share from a warrant holder. The Company received $56,070 USD from the Performance Warrants exercised and has issued 300,000 new Common Shares.Following the abovementioned warrant exercises, the Company will have 59,875,687 and 1,603,440 Investor Warrants and Performance Warrants, respectively, outstanding. Admission to Trading and...