Meridian Capital International Fund Purchases Units of Petrotal Corp.

Jun 19 10:06 2020 Print This Article

HONG KONG, June 19, 2020 /CNW/ – Meridian Capital International Fund (“Meridian“) announced that on June 18, 2020 it acquired 75,000,000 units of PetroTal Corp. (“PetroTal“) (TSXV: TAL) (AIM: PTAL) by way of a private placement at a price of 10p (approximately C$0.17) per unit, for total consideration of £7,500,000 (approximately C$12,680,574). Each unit consists of one common share of PetroTal and one half of one warrant. Each whole warrant (comprised of two half warrants) can be exercised to acquire one PetroTal common share for 16p until the third anniversary of their issuance.

The 75,000,000 common shares … Continue Reading

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