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| Date | 28 Apr 2025 |
| Time | 07:00:08 |
| Category | Capital structure |
| ID | 3983G |
Share Issue and Total Voting Rights
Calgary, AB and Houston, TX - April 28, 2025 - PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF), announces the award of shares to employees and total voting rights.
Employee Share Awards
PetroTal has issued an aggregate of 773,993 Common Shares to employees pursuant to its annual obligation to issue vested Performance Share Units under the Company's performance and restricted share unit plan, as approved by the TSX Venture Exchange on December 12, 2019. In accordance with the amendment to its normal course issuer bid announced 4 April 2025, the Common Shares awarded to employees will be issued out of shares currently held in Treasury.
Total Voting Rights
Following the issuance of shares to employees, the Company will have 916,539,535 Common Shares of no par value each in issue and no Treasury Shares. Therefore, the total voting rights in the Company will be 916,539,535.
The figure of 916,539,535 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
ABOUT PETROTAL
PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: 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 2022, PetroTal became the 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 Bretana oil field. It is actively building new initiatives to champion community sensitive energy production, benefiting all stakeholders.
For further information, please see the Company's website at www.petrotal-corp.com, the Company's filed documents at www.sedar.com, or below:
Camilo McAllister
Executive Vice President and Chief Financial Officer
T: (713) 253-4997
Manolo Zuniga
President and Chief Executive Officer
T: (713) 609-9101
PetroTal Investor Relations
Celicourt Communications
Mark Antelme / Jimmy Lea
T : 44 (0) 20 7770 6424
Strand Hanson Limited (Nominated & Financial Adviser)
Ritchie Balmer / James Spinney / Robert Collins
T: 44 (0) 207 409 3494
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart / Simon Mensley / Ashton Clanfield
T: +44 (0) 20 7710 7600
Peel Hunt LLP (Joint Broker)
Richard Crichton / David McKeown / Georgia Langoulant
T: +44 (0) 20 7418 8900
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.