PetroTal Issues Equity Vested Through PSU Plan and TVR

Source: www.gulfoilandgas.com 10/15/2021, Location: North America

PetroTal Corp. 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.

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.


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