Business
PetroTal Provides Update on the Filing of 2019 Year-End and First Quarter 2020 Results
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - May 29, 2020) - PetroTal Corp. (TSXV: T...
About this update from Petrotal Corp.
[{"type":"text","content":"PetroTal Provides Update on the Filing of 2019 Year-End and First Quarter 2020 ResultsBretana oil field operations expected to resume in July 2020Calgary, Alberta and Houston, Texas--(Newsfile Corp. - May 29, 2020) - PetroTal Corp. (TSXV: TAL) and (AIM: PTAL) (\"PetroTal\" or the \"Company\") advises that, due to the impact of the global COVID-19 pandemic, it is necessary to delay its corporate filings for the three months ended March 31, 2020, as provided for by Canadian Securities Administrators. First Quarter 2020 FilingsAs a result of delays in accessing information due to mandatory stay at home orders in Peru, the Company will postpone the filing of its unaudited consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2020 (\"Interim Filings\") until no later than July 16, 2020, in reliance on the exemption provided in Alberta Securities Commission (\"ASC\") Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements (and similar exemptions provided by the other Canadian securities regulators) (\"Blanket Order\").2019 Year-end FilingsAs previously announced on April 29, 2020, the Company will also postpone the filing of its audited consolidated financial statements, management's discussion and analysis and annual information form (inclusive of the reserves disclosure required by National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities) for the year ended December 31, 2019 (\"Annual Filings\") until no later than June 12, 2020, in reliance on the exemption provided in the Blanket Order.Until the Company has filed the Annual Filings and the Interim Filings, members of the Company's Board, management and other insiders are subject to an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. Annual Shareholder Meeting The Company continues to monitor public health directives and recommendations relating to the COVID-19 pandemic, including continued restrictions on in-person gatherings, and looks forward to holding its annual meeting of shareholders without having to limit physical attendance by shareholders and guests. In the circumstances, the Company has determined to defer its annual meeting until t...