June 12 (Reuters) - Petrotal Corp TAL.V :
* PETROTAL CORP. - PROPOSED PLACING TO RAISE £14.1 MILLION
* PETROTAL CORP - PLACING OF 141.2 MILLION PLACING UNITS AT A PRICE OF 10P PER UNIT TO RAISE GROSS PROCEEDS OF £14.1 MILLION
* PETROTAL CORP - PLACING WAS SIGNIFICANTLY OVERSUBSCRIBED.
* PETROTAL CORP - INTENDS TO USE NET PROCEEDS OF PLACING FOR ONGOING DEVELOPMENT OF BRETANA OILFIELD
* PETROTAL CORP - PETROTAL IS COORDINATING WITH PETROPERU TO REOPEN BRETANA OIL FIELD IN JULY
* PETROTAL CORP - EACH PLACING UNIT WILL COMPRISE ONE PLACING SHARE AND ONE HALF OF ONE WARRANT.