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PetroTal Corp ( (TSE:TAL) ) has shared an announcement.
PetroTal Corp announced the issuance of 5,310,656 common shares to employees as part of its Performance Share Unit plan, a move approved by the TSX Venture Exchange. This issuance, which includes shares to key executives, will bring the total common shares issued by PetroTal to 916,931,174. The new shares are expected to be admitted for trading on AIM by January 23, 2025. This strategic issuance is likely to strengthen PetroTal’s operational capabilities and market presence, aligning with its growth strategy and commitment to stakeholder value.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta, operating in the oil sector with a focus on developing oil assets in Peru. The company holds a 100% working interest in the Bretana oil field in Peru’s Block 95, and has established itself as the largest crude oil producer in Peru. The management team has extensive experience in the Peruvian oil industry and is committed to sustainable and community-sensitive energy production.
YTD Price Performance: 16.67%
Average Trading Volume: 721,728
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$638.4M
See more data about TAL stock on TipRanks’ Stock Analysis page.
