Latest news with #TSX
Yahoo
3 hours ago
- Business
- Yahoo
PetroTal Announces Renewal of Share Buyback Program
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - May 30, 2025) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce the renewal of its normal course issuer bid (the "NCIB"), following approval by the Toronto Stock Exchange ("TSX"). All amounts are in US dollars unless stated otherwise. PetroTal expects that the NCIB will continue to provide an additional tool to enhance total long-term shareholder returns. The Company believes that, at times, the prevailing share price does not reflect the underlying value of its common shares ("Common Shares") and the repurchase of Common Shares for cancellation represents an attractive opportunity to improve PetroTal's per share metrics and thereby increase the value of the Common Shares. The NCIB allows PetroTal to purchase up to 45,776,656 Common Shares, representing approximately 5% of its 914,988,946 issued and outstanding Common Shares as at May 26, 2025, over a 12-month period commencing on June 3, 2025 and ending no later than June 2, 2026. Under the NCIB, purchases of Common Shares may be made through the facilities of the TSX, alternative trading systems in Canada, if eligible, and AIM, a market operated by the London Stock Exchange in accordance with applicable regulatory requirements. Purchases under the NCIB will be made through open market transactions at market price, as well as by other means as may be permitted under applicable securities laws. The actual number of Common Shares that may be purchased under the NCIB and the timing of any such purchases will be determined by management of the Company. Any Common Shares purchased under the NCIB will either be cancelled or, where appropriate, temporarily held in treasury to satisfy employee share awards. Under the TSX rules, the total number of Common Shares PetroTal is permitted to purchase on the TSX is subject to a daily purchase limit of 163,942 Common Shares (representing 25% of the average daily trading volume of 655,771 Common Shares on the TSX calculated for the six months ended April 30, 2025); provided that PetroTal may make one block purchase per calendar week that exceeds such limits. In connection with the NCIB, the Company renewed a buyback agreement with Stifel Nicolaus Europe Limited ("Stifel"), who will continue to conduct the NCIB on PetroTal's behalf and entered into an automatic purchase plan (the "ASPP") with Stifel. The ASPP allows for the purchase of Common Shares under the NCIB at times when PetroTal would ordinarily not be permitted to purchase Common Shares due to regulatory restrictions and self-imposed blackout periods. Stifel intends to instruct Stifel Nicolaus Canada Inc. as its agent to conduct purchases of Common Shares on the TSX. Under the ASPP, before entering into a blackout period, PetroTal may, but is not required to, instruct Stifel to make purchases under the NCIB within specified parameters. Such purchases would be at the discretion of Stifel based on parameters provided by the Company prior to the blackout period in accordance with the terms of the ASPP and in compliance with the rules and regulations of the TSX, AIM and applicable securities laws. Any purchase of Common Shares on the TSX or alternate trading systems in Canada will continue to be completed by Stifel Nicolaus Canada Inc. acting as agent for Stifel. The ASPP has been pre-cleared by the TSX. All purchases made pursuant to the terms of the ASPP will be included in computing the number of Common Shares purchased under the NCIB. Outside any blackout period, Common Shares may be purchased under the NCIB based on the discretion of the Company's management in compliance with applicable exchange rules and securities laws. The Company was permitted to repurchase up to 14,600,000 Common Shares under its current NCIB that commenced on May 23, 2024 and ended on May 22, 2025. As at May 20, 2025, the Company had repurchased an aggregate 5,361,533 Common Shares under the expiring NCIB on the open market at a volume weighted average price per Common Share of approximately USD$0.4669 per share. ABOUT PETROTAL PetroTal is a publicly traded, tri‐quoted (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. PetroTal's flagship asset is its 100% working interest in the Bretaña Norte oil field in Peru's Block 95, where oil production was initiated in June 2018. In early 2022, PetroTal became the largest crude oil producer in Peru. The Company's management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing its portfolio of assets. It is actively building new initiatives to champion community sensitive energy production, benefiting all stakeholders. For further information, please see the Company's website at the Company's filed documents at or below: Camilo McAllisterExecutive Vice President and Chief Financial OfficerCmcallister@ (713) 253-4997 Manolo ZunigaPresident and Chief Executive OfficerMzuniga@ (713) 609-9101 PetroTal Investor RelationsInvestorRelations@ Celicourt CommunicationsMark Antelme / Jimmy Leapetrotal@ T : +44 (0) 20 7770 6424 Strand Hanson Limited (Nominated & Financial Adviser)Ritchie Balmer / James Spinney / Robert CollinsT: +44 (0) 207 409 3494 Stifel Nicolaus Europe Limited (Joint Broker)Callum Stewart / Simon Mensley / Ashton ClanfieldT: +44 (0) 20 7710 7600 Peel Hunt LLP (Joint Broker)Richard Crichton / Georgia LangoulantT: +44 (0) 20 7418 8900 READER ADVISORIES FORWARD-LOOKING STATEMENTS: This press release contains certain statements that may be deemed to be forward-looking statements. Such statements relate to possible future events relating to the renewal of the NCIB and the ASPP, including, but not limited to: the duration of the NCIB and potential purchases thereunder (including those made under the ASPP); anticipated advantages of the NCIB to the Company's shareholders including in respect of the Company's expectations of enhanced total long-term shareholder returns, increased Common Share value correlating with improved per share metrics and positive impact on shareholder sentiment. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "estimate", "potential", "will", "should", "continue", "may", "objective", "intend" and similar expressions. The forward-looking statements provided in this press release are based on management's current belief, based on currently available information, as to the outcome and timing of future events. PetroTal cautions that its intention to proceed with the NCIB and other forward-looking statements relating to PetroTal are subject to all of the risks, uncertainties and other factors, which may cause the actual results, performance, capital expenditures or achievements of the Company to differ materially from anticipated future results, performance, capital expenditures or achievement expressed or implied by such forward-looking statements, including the Company's intentions regarding the NCIB and its ability to achieve related anticipated benefits. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include, but are not limited to, business performance, legal and legislative developments including changes in tax laws and legislation affecting the oil and gas industry, credit ratings and risks, fluctuations in interest rates and currency values, changes in the financial landscape both domestically and abroad, including volatility in the stock market and financial system, wars (including Russia's war in Ukraine and the Israeli-Hamas conflict), regulatory developments, commodity price volatility, price differentials and the actual prices received for products, exchange rate fluctuations, legal, political and economic instability in Peru, access to transportation routes and markets for the Company's production, changes in legislation affecting the oil and gas industry, changes in the financial landscape both domestically and abroad (including volatility in the stock market and financial system) and the occurrence of weather-related and other natural catastrophes. Readers are cautioned that the foregoing list of factors is not exhaustive. Please refer to the annual information form for the year ended December 31, 2024 and the management's discussion and analysis for the three months ended March 31, 2025 for additional risk factors relating to PetroTal, which can be accessed either on PetroTal's website at or under the Company's profile on The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
3 hours ago
- Business
- Cision Canada
CHANGE OF COMPANY SECRETARY
PERTH, Australia, May 30, 2025 /CNW/ - Paladin Energy Ltd (ASX: PDN) (TSX: PDN) (OTCQX: PALAF) (" Paladin" or the " Company") advises that Ms Melanie Williams has been appointed as Company Secretary of Paladin effective 30 May 2025. Melanie joined Paladin in February 2025 as Chief Legal Officer. Melanie is an experienced corporate and resources lawyer and Company Secretary, with substantial international and corporate governance experience. View PDF Mr Jeremy Ryan has resigned as Company Secretary of Paladin effective 30 May 2025. The Board of Paladin thanks Jeremy for his dedication to the Paladin Group and wishes him the best in his future endeavours. For the purpose of ASX Listing Rule 12.6, Ms Melanie Williams will be the person responsible for communications with the ASX in relation to ASX Listing Rule matters from 30 May 2025. This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd. SOURCE Paladin Energy Ltd
Yahoo
6 hours ago
- Business
- Yahoo
TENAZ ENERGY CORP. ANNOUNCES 2025 ANNUAL MEETING RESULTS
CALGARY, ALBERTA--(Newsfile Corp. - May 29, 2025) - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce the results from its annual meeting of shareholders (the "Meeting") held on May 29, 2025. A total of 10,546,547 Common Shares, representing 37.41% of the Company's issued and outstanding Common Shares, were represented in person or by proxy at the Meeting. All of the matters put forward before the shareholders, as set out in the Company's management information circular dated April 25, 2025, were approved by the shareholders. Number of Directors: The number of directors to be elected was fixed at 6. Votes for Votes against # % # % 6,949,659 99.36 44,583 0.64 Election of Directors: Each of the following six nominees were elected as directors of the Company: Nominee Votes for Votes withheld # % # % Anna Alderson 6,660,932 99.31 46,242 0.69 John Chambers 6,661,132 99.31 46,042 0.69 Anthony Marino 6,706,974 100.00 200 0.00 Marty Proctor 6,660,932 99.31 46,242 0.69 Varinia Radu 6,661,132 99.31 46,042 0.69 Mark Rollins 6,661,847 99.32 45,327 0.68 Appointment of Auditor: Deloitte LLP was reappointed as auditor of the Company. Votes for Votes withheld # % # % 10,544,747 99.98 1,800 0.02 Unallocated Awards: All unallocated awards under the Tenaz Incentive Plan were approved. Votes for Votes against # % # % 6,048,334 90.18 658,840 9.82 About Tenaz Energy Corp. Tenaz is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the second largest operator of natural gas assets in the Dutch sector of the North Sea and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at Tenaz's Common Shares are listed for trading on the Toronto Stock Exchange under the symbol "TNZ". For further information, contact: Tenaz Energy Corp. investors@ Anthony MarinoPresident and Chief Executive Officer Direct: 587 330 1983 Bradley BennettChief Financial Officer Direct: 587 330 1714 /NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW/ To view the source version of this press release, please visit
Globe and Mail
8 hours ago
- Business
- Globe and Mail
HBIX - Harvest: Bitcoin Enhanced Income ETF
Combining Bitcoin Exposure with Monthly Cash Flow The Harvest Bitcoin Enhanced Income ETF (HBIX) is designed for investors looking to gain exposure to the price of Bitcoin without owning the digital asset directly. What sets this fund apart is its covered call strategy, which targets consistent monthly distributions by writing options on Bitcoin futures. The ETF offers a balance between potential capital appreciation tied to Bitcoin and a focus on generating steady income in a traditionally volatile space. As part of Harvest ETFs' suite of income-generating investment products, HBIX aligns with the firm's goal of delivering solutions tailored for the modern investor. This ETF offers a regulated and accessible way for Canadians to tap into Bitcoin's growth potential while offsetting volatility with income. Now trading under the ticker HBIX on the TSX, the fund may appeal to investors interested in crypto exposure with income as part of their total return strategy. Key Points: To learn more about Harvest Bitcoin Enhanced Income ETF (HBIX), please click the request investor info button.
Business Upturn
8 hours ago
- Business
- Business Upturn
Hudbay Provides an Update on the Wildfire Situation near Flin Flon
TORONTO, May 29, 2025 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. ('Hudbay' or the 'Company') (TSX, NYSE: HBM) is responding to the evolving wildfire situation in northern Manitoba and is working closely with local authorities to ensure its employees remain safe as well as comply with the regional wildfire evacuation order that includes Flin Flon and the surrounding areas. Only essential Hudbay personnel, authorized by emergency services, will remain in Flin Flon to assist with emergency activities. While Hudbay no longer has active mine production activities in Flin Flon after the closure of the 777 mine in 2022, the Company has ongoing care and maintenance activities in Flin Flon as well as services to support the Snow Lake operations, including concentrate handling, fabrication shops and administration. The Flin Flon community has been an important part of Hudbay's operations for nearly 100 years. Hudbay continues to maintain operations in Snow Lake, which is located approximately 200 kilometres east of Flin Flon. The Company expects temporary reduced production levels in Snow Lake as a large portion of its workforce resides in Flin Flon. However, given the strong performance in Snow Lake year-to-date, the Company remains well-positioned to achieve its annual guidance metrics for 2025. Hudbay has paused exploration activities in the Flin Flon and Snow Lake region as fire mitigation efforts are underway. 'The safety of our employees, their families and the communities we serve is our top priority,' said Rob Carter, Vice President of Hudbay's Manitoba Business Unit. 'We are collaborating closely with the City of Flin Flon, local communities and provincial authorities to provide support during this challenging time. We will continue to monitor the situation, ensuring a safe return to full operations as soon as it is advisable.' As part of its commitment to support Manitoba and the Flin Flon community, Hudbay is taking the following actions: Securing additional accommodations in Snow Lake for its evacuated employees and their families. Deploying trained emergency personnel to aid firefighting efforts. Maintaining communication with the City of Flin Flon, local communities and provincial authorities about the resources Hudbay has available to support emergency response efforts, such as supplies, equipment and water trucks. Providing facility infrastructure information to assist with planning and response. Forward-Looking Information This news release contains 'forward-looking statements' and 'forward-looking information' (collectively, 'forward-looking information') within the meaning of applicable Canadian and United States securities legislation. Forward- looking information includes information that relates to, among other things, statements with respect to potential impacts from wildfires on the Company's operations in Manitoba, including the ability to achieve guidance expectations. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by Hudbay at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. Should one or more risk, uncertainty, contingency or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Hudbay does not assume any obligation to update or revise any forward-looking information after the date of this news release or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law. About Hudbay Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru and the United States. Hudbay's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum. Hudbay's growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The value Hudbay creates and the impact it has is embodied in its purpose statement: 'We care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities.' Hudbay's mission is to create sustainable value and strong returns by leveraging its core strengths in community relations, focused exploration, mine development and efficient operations. For further information, please contact: Candace BrûléVice President, Investor Relations, Financial Analysis and External Communications (416) 814-4387 [email protected]
