Business
PetroTal Issues Equity Vested Through PSU Plan and TVR
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - October 15, 2021) - PetroTal Corp. (TSX...
About this update from Petrotal Corp.
[{"type":"text","content":"PetroTal Issues Equity Vested Through PSU Plan and TVRCalgary, Alberta and Houston, Texas--(Newsfile Corp. - October 15, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTC Pink: PTALF) (\"PetroTal\" or the \"Company\") announces that the Company has issued an aggregate of 3,103,716 Common Shares to employees (including 1,645,267 shares to a person discharging managerial responsibilities (\"PDMR's\") 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.Further details regarding the PSU plan are set out in the management information circular of the Company dated May 19, 2021 which is available on SEDAR at www.sedar.com. Admission to Trading on AIM/TSXV and Total Voting Rights Application will be made to the London Stock Exchange for the admission of 3,103,716 Common Shares to trading on AIM (\"Admission\") and to the TSXV for listing of 3,103,716 Common Shares for trading on the facilities of the TSXV. It is expected that Admission will become effective at 8.00 a.m. on or around October 21, 2021. Following Admission, the Company will have 823,309,231 Common Shares issued and there are no shares held in treasury. For purposes of the Disclosure Guidance and Transparency Rules, the total number of voting rights in the Company is 823,309,231 Common Shares. This figure may be used by shareholders as the denominator for the calculations by which they 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 ...