Results of Shareholders’ Meeting
Shareholders approved all resolutions including eight directors, auditors, and share consolidation authority.
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Calgary, AB and Houston, TX - June 20, 2025 - PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) is pleased to announce that all resolutions at the annual general meeting of shareholders held on June 19, 2025 (the "Meeting"), have been fully authorized and approved. A total of 403,104,944 common shares representing approximately 44.02% of PetroTal's issued and outstanding common shares, were represented at the Meeting.
The shareholders approved an ordinary resolution to fix the number of directors of the Corporation at eight (8) members. The following nominees were elected as directors of PetroTal, being the eight nominees listed in the management information circular of the Company dated May 9, 2025, to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed, unless such office is vacated earlier in accordance with PetroTal's by-laws. Results of the vote are as follows:
| Votes For | Votes Withheld | |||
|---|---|---|---|---|
| Director : | # | % | # | % |
| Manuel Pablo Zuniga-Pflucker | 376,516,596 | 99.5% | 1,886,557 | 0.50% |
| Mark McComiskey | 374,950,21 7 | 99.08% | 3,462,919 | 0.92% |
| Gavin Wilson | 360,362,19 2 | 95.23% | 18,050,944 | 4.77% |
| Eleanor J. Barker | 376,823,50 8 | 99.58% | 1,589,628 | 0.42% |
| Jon Harris | 375,892,30 8 | 99.33% | 2,520,828 | 0.67% |
| Felipe Arbelaez-Hoyos | 376,754,90 2 | 99.56% | 1,658,234 | 0.44% |
| Emily Morris | 376,75 4 , 90 4 | 99.57% | 1,643, 736 | 0.43% |
| Denisse Abudinen | 376,750,60 2 | 99.56% | 1,648,038 | 0.44% |
In addition, shareholders approved the appointment of Deloitte LLP as auditors of the Company to hold office until the next annual meeting, and the directors were authorized to fix their remuneration. The results of the vote were as follows:
| Votes For | Vote s Withheld | ||
|---|---|---|---|
| # | % | # | % |
| 400,463,364 | 99.35% | 2,626,784 | 0.65% |
Lastly, shareholders approved a special resolution authorizing the directors to consolidate the Common Shares of the Company on the basis of a ratio of between five (5) and ten (10) pre-consolidation Common Shares for each one (1) post-consolidation Common Share, as described in the Information Circular. The results of the vote were as follows:
| Votes For | Votes Against | ||
|---|---|---|---|
| # | % | # | % |
| 396,556,59 6 | 98.38 % | 6,533,550 | 1.62 % |
A full report on the voting results will be made available under PetroTal's profile on SEDAR+ at www.sedarplus.ca.
Camilo McAllister
Executive Vice President and Chief Financial Officer
Manolo Zuniga
President and Chief Executive Officer
PetroTal Investor Relations
Celicourt Communications
Mark Antelme / Jimmy Lea
Strand Hanson Limited (Nominated & Financial Adviser)
Ritchie Balmer / James Spinney / Robert Collins
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart / Simon Mensley / Ashton Clanfield
Peel Hunt LLP (Joint Broker)
Richard Crichton / Georgia Langoulant
READER ADVISORIES
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