Toronto-listed PetroTal Corp. closed the sale of over 133 million common shares to
primarily UK institutional shareholders. The company grossed £20 million ($25.4 million)
in an oversubscribed bookbuild led by joint bookrunners GMP, FirstEnergy, Numis and
Pareto. PetroTal now has over
610 million shares outstanding.
The company said that the
amount of shares offered was increased “to satisfy demand from investors.” President
and CEO Manolo Zúñiga said that demand was almost twice the initial base deal. “The
capital raised will allow PetroTal......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.