Voting Results of Shareholders’ Meeting
PetroTal Corp. announced that all resolutions were approved at its annual general meeting on June 23, 2026, with 43.3% of shares represented. Shareholders elected eight directors, with all nominees receiving over 94% of the votes cast. Deloitte LLP was appointed as auditors, and directors were authorized to fix their remuneration with 99.7% approval. The company also received 61.2% approval for the grant of unallocated share units and 98.0% approval for a special resolution authorizing a share consolidation ratio between five and ten to one.
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PetroTal provides the following correction to the press release issued earlier today, June 24, 2026, which included a reference to a retired Director. The correct Director election results are included below.
Calgary, AB and Houston, TX - June 24, 2026-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 23, 2026 (the "Meeting"), have been fully authorized and approved. A total of 398,160,798 common shares representing approximately 43.3% of PetroTal's issued and outstanding common shares, were represented at the Meeting.
The shareholders approved the setting of the number of directors to be elected at the Meeting at eight and the following nominees were elected as directors of PetroTal, being the eight nominees listed in the management information circular of the Company dated May 12, 2026, 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 Zúñiga-Pflücker | 361,490,749 | 99.46 | 1,962,570 | 0.54 |
| Mark McComiskey | 361,464,604 | 99.45 | 1,988,715 | 0.55 |
| Gavin Wilson | 342,933,738 | 94.35 | 20,519,581 | 5.65 |
| Eleanor Barker | 361,087,235 | 99.36 | 2,338,981 | 0.64 |
| Jon Harris | 361,326,308 | 99.41 | 2,127,011 | 0.59 |
| Felipe Arbelaez-Hoyos | 359,656,734 | 98.96 | 3,796,585 | 1.04 |
| Emily Morris | 346,631,975 | 95.37 | 16,821,344 | 4.63 |
| Denisse Abudinen | 346,846,363 | 95.44 | 16,579,853 | 4.56 |
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 (%)
397,040,210 (99.7%)
The shareholders also approved the grant of unallocated share units issuable under PetroTal's performance and restricted share unit plan pursuant to the requirements of the Toronto Stock Exchange.
Votes For (%)
243,690,159 ( 61.2 %)
Lastly, the 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.
Votes For (%)
390,026,730 (98.0%)
A full report on the voting results is 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 / Charles Denley-Myerson
Strand Hanson Limited (Nominated & Financial Adviser)
Ritchie Balmer / James Spinney / Edward Foulkes
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart / Simon Mensley / Ashton Clanfield
Peel Hunt LLP (Joint Broker)
Richard Crichton / David McKeown / Georgia Langoulant
READER ADVISORIES
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.