Petro Tal Corp (TSE:TAL) has released an update.
PetroTal Corp. has strategically executed a share buyback, purchasing a total of 134,518 Common Shares on the 6th and 7th of May, 2024, with the intention of cancelling them to optimize shareholder value. This initiative, part of a previously announced buyback program, will subsequently reduce the number of shares in issue to 914,704,530, thereby adjusting the total voting rights in the company. The buyback, conducted through Stifel Nicolaus Europe Limited, reflects the company’s ongoing commitment to sound capital management.
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