VersaBank — Regulatory Filings 2021

Apr 22, 2021

FORM 13-501F1 CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

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----- Start of picture text ----- I, Douglas Urch ____________________ , an officer of the reporting issuer noted below have examined thisForm 13-501F1 (the Form ) being submitted hereunder to the Alberta Securities Commission andcertify that to my knowledge, having exercised reasonable diligence, the information provided inthe Form is complete and accurate."Douglas Urch", EVP & CFO _________________________________ _________________________________ April 15, 2021Name: Date:Title:Reporting Issuer Name: PetroTal Corp.End date of previous financial year: December 31, 2020Type of Reporting Issuer: [ ] Class 1 reporting [ ] Class 3B reporting issuerissuerHighest Trading Marketplace: TSXVMarket value of listed or quoted equity securities:TALEquity Symbol ______________________1st Specified Trading Period (dd/mm/yy) _______________ to ______________ 01/01/20 31/03/20Closing price of the security in the class or series on thelast trading day of the specified trading period in whichsuch security was listed or quoted on the highest trading $ ______________________ 0.16marketplace (i)----- End of picture text -----

Number of securities in the class or series of such
security outstanding at the end of the last trading day of		________________________673,351,810
the specified trading period		(ii)
	(i) x (ii)	$ ______________________107,736,289.6
Market value of class or series		(A)
2nd Specified Trading Period(dd/mm/yy)	_______________ to ______________01/04/2030/06/20
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading		$ ______________________0.18
marketplace		(iii)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of		$ ______________________814,555,701
the specified trading period		(iv)
	(iii) x (iv)	$ ______________________146,620,026.18
Market value of class or series		(B)
3rd Specified Trading Period(dd/mm/yy)	_______________ to ______________01/07/2030/09/20
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading		$ ______________________0.18
marketplace		(v)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of		$ ______________________814,555,701
the specified trading period		(vi)
	(v) x (vi)	$ ______________________146,620,026.18
Market value of class or series		(C)

4th Specified Trading Period (dd/mm/yy) _______________ to ______________ 01/10/20 31/12/20 Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading $ ______________________ 0.25 marketplace (vii) Number of securities in the class or series of such security outstanding at the end of the last trading day of $ ______________________ 816,167,379 the specified trading period (viii) (vii) x (viii) $ ______________________ 204,041,844.75 Market value of class or series (D) 5th Specified Trading Period (dd/mm/yy) _______________ to ______________ Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading $ ______________________ marketplace (ix) Number of securities in the class or series of such security outstanding at the end of the last trading day of $ ______________________ the specified trading period (x) (ix) x (x) $ ______________________ Market value of class or series (E) Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading $ ______________________ 151,254,547 period (i.e. A through E above)) ( 1 )

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:
(Provide details of how value was determined)		$ ______________________
		(2)
Capitalization for the previous financial year	(1) + (2)	$ ______________________151,254,547
Participation Fee		$ ______________________6,500.00
Late Fee, if applicable		$ ______________________
Total Fee Payable		$ ______________________6,500.00
(Participation Fee plus Late Fee)