(PetroTal Corp., 26.Sep.2018) — PetroTal Corp. announced its intention to seek a secondary quotation of its common shares with their admission to trading on the London Stock Exchange’s AIM market, subject to preparation of the requisite documentation. The company expects that the shares will begin trading by the end of this year.
“We are focused on realizing the value of our material oil assets in Peru. A secondary quotation on London’s AIM would hopefully increase liquidity and allow us to broaden the shareholder register, at a time when we both are rapidly moving ahead in [Peru] with the development of Block 95 and continuing to assess potential partners for Block 107,” said PetroTal President and Chief Executive Officer Manolo Zuniga.
PetroTal Corp. is a junior oil and gas company domiciled in Canada with corporate offices in Houston, Texas. The company is focused on development of oil and gas assets in Peru.
The company is seeking admission to AIM, alongside its current listing on the TSX Venture Exchange, in order to take advantage of AIM’s liquidity, as well as to access a broader range of institutional investors. The Board believes this will help expedite the unlocking the value of PetroTal’s Peruvian assets. PetroTal would be the only exclusively Peru focused independent oil and gas company quoted in London.
Strand Hanson Limited is acting as the company’s Nominated Adviser on the proposed admission.
PetroTal will hold a special meeting of shareholders on October 25, 2018 to amend the Articles of the company in preparation for the secondary quotation. A management information circular and related meeting materials have been mailed to the company’s registered shareholders and filed on SEDAR at www.sedar.com.
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