PetroTal Announces the Execution of Performance Warrants and the Exercise of Total Voting Rights

Source: www.gulfoilandgas.com 6/14/2022, Location: North America

A notice to exercise 2,764,733 Performance Warrants at a price of US$0.1869 per Common Share was received by PetroTal Corp. As a result, PetroTal was paid a total of $516,728.59 for the warrants that were exercised. The Company will have 13,154,467 Performance Warrants outstanding after this warrant exercise. On or around June 17, 2022, an application will be filed for admission to trading on AIM of the 2,764,733 common shares, which will rank pari passu with existing Common Shares ("Admission").

Following Admission, the Company will have 842,158,812 common shares issued and there are no shares held in treasury. This figure may be used by shareholders as the denominator for the calculations to 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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