Business
PetroTal Corp. - Intention for Secondary Quote of Common Shares with Admission to Trading on AIM
PetroTal Corp. - Intention for Secondary Quote of Common Shares with Admission to Trading ...
About this update from Petrotal Corp.
[{"type":"text","content":"\n\n\n\nPetroTal Corp. - Intention for Secondary Quote of Common Shares with Admission to Trading on AIM\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY and HOUSTON, Sept. 26, 2018\n\n\n\nThis announcement does not constitute an offer of securities for sale or subscription in any jurisdiction\n CALGARY and HOUSTON, Sept. 26, 2018 /CNW/ - PetroTal Corp. (\"PetroTal\" or the \"Company\") (TSX-V: TAL), an exploration and production company focused on oil assets in Peru, is pleased to announce its intention to seek a secondary quotation of its common shares with their admission to trading on the London Stock Exchange's AIM market (\"AIM\"), subject to preparation of the requisite documentation. The Company expects that the shares will begin trading by the end of this year.\nThe Company is seeking admission to AIM, alongside its current listing on the TSX Venture Exchange, in order to take advantage of AIM's liquidity, as well as to access a broader range of institutional investors. The Board believes that this will help expedite the unlocking the value of PetroTal's Peruvian assets. PetroTal would be the only exclusively Peru focused independent oil and gas company quoted in London.\nStrand Hanson Limited is acting as the Company's Nominated Adviser on the proposed admission. \nThe Company will hold a special meeting of shareholders on Thursday, October 25, 2018 to amend the Articles of the Company in preparation for the secondary quotation. A management information circular and related meeting materials have been mailed to the Company's registered shareholders and filed on SEDAR at www.sedar.com.\nKey Highlights: \nPetroTal is increasing production from the Bretaña oil field on Block 95, as well as evaluating the Osheki prospect in Block 107.  \nBretaña oil field (Block 95): One of the largest undeveloped discoveries in Peru First oil achieved in June 2018, ahead of schedule Installation of initial Long-Term Testing Facilities to handle production of 5,000 barrels of oil per day (\"bopd\") and 5,000 ...