PetroTal Announces Exercise of Investor Warrants and Total Voting Rights

Source: www.gulfoilandgas.com 2/3/2023, Location: North America

PetroTal Corp. received a notice to exercise 11,764,706 Investor Warrants at a price of 16 pence per Common Share from an investor in relation to the Investor Warrants issued on June 12, 2020. The Company received 1,882,352.96 GBP for the Warrants exercised.

Following the Warrants exercise, the Company will have 47,110,981 Investor Warrants outstanding. Application will be made for admission of the 11,764,706 common shares, which will rank pari passu with existing Common Shares, to trading on AIM ("Admission"), which is expected to occur on or around February 9, 2023.

Following Admission, the Company will have 874,973,702 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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