Gran Tierra Energy Inc. Announces Results of Offer to Purchase all of its Issued and Outstanding 5.00% Convertible Senior Not...
July 12 2019 - 5:01PM
Gran Tierra Energy Inc. (“Gran Tierra” or
the “Company”) (NYSE American: GTE)(TSX:GTE)(LSE:GTE)
today announced the final results of its previously announced
issuer bid (the “
Offer”) to
purchase for cancellation all of the issued and outstanding 5.00%
Convertible Senior Notes due 2021 (being US$115 million aggregate
principal amount) of Gran Tierra (the “
Convertible
Notes”), which expired at 2:00 p.m. (Calgary
time) on July 12, 2019.
An aggregate of US$114,997,000 principal amount
of Convertible Notes was deposited under the Offer. The
Company has taken up and accepted for purchase and cancellation all
such deposited Convertible Notes at a purchase price of US$1,075 in
cash (subject to applicable withholding taxes, if any) per US$1,000
principal amount of Convertible Notes, plus a cash payment in
respect of all accrued and unpaid interest on such Convertible
Notes up to and including July 11, 2019. Payment to the
depositary, Computershare Investor Services Inc., for such
Convertible Notes taken up and cancelled by the Company under the
Offer will be made promptly and in accordance with the terms and
conditions of the Offer as detailed in the formal offer to
purchase, the accompanying issuer bid circular and the related
letter of transmittal.
About Gran Tierra Energy
Inc.
Gran Tierra Energy Inc., together with its
subsidiaries, is an independent international energy company
focused on oil and natural gas exploration and production in
Colombia and Ecuador. The Company is focused on its existing
portfolio of assets in Colombia and Ecuador and will pursue new
growth opportunities throughout Colombia and Ecuador, leveraging
its financial strength. The Company’s shares of common stock trade
on the NYSE American, the Toronto Stock Exchange and the London
Stock Exchange under the ticker symbol GTE. Additional information
concerning Gran Tierra is available at www.grantierra.com.
Information on the Company’s website does not constitute a part of
this press release.
Gran Tierra’s filings with the U.S. Securities
and Exchange Commission (the
“SEC”) are available on the SEC
website at www.sec.gov and on SEDAR at www.sedar.com and
UK regulatory filings are available on the National Storage
Mechanism website at www.morningstar.co.uk/uk/nsm.
Forward-Looking Statements and
Advisories
This press release contains statements about
future events that constitute forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and forward looking information within the meaning of applicable
Canadian securities laws (collectively,
“forward-looking statements”).
Such forward-looking statements include, but are not limited to,
statements with respect to the timing of the payment for the
Convertible Notes taken up under the Offer.
The forward-looking statements contained in this
press release are subject to risks, uncertainties and other factors
that could cause actual results or outcomes to differ materially
from those contemplated by the forward-looking statements,
including, among others: unexpected changes in general market and
economic conditions. Accordingly, readers should not place undue
reliance on the forward-looking statements contained herein.
Further information on potential factors that could affect Gran
Tierra are included in risks detailed from time to time in Gran
Tierra’s reports filed with the SEC, including, without limitation,
under the caption “Risk Factors” in Gran Tierra’s Annual Report on
Form 10-K filed February 27, 2019 and its subsequent Quarterly
Reports on Form 10-Q. These filings are available on a website
maintained by the SEC at www.sec.gov and on SEDAR at
www.sedar.com.
All forward-looking statements are made as of
the date of this press release and the fact that this press release
remains available does not constitute a representation by Gran
Tierra that Gran Tierra believes these forward-looking statements
continue to be true as of any subsequent date. Actual results may
vary materially from the expected results expressed in
forward-looking statements. Gran Tierra disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable securities laws. Gran
Tierra’s forward-looking statements are expressly qualified in
their entirety by this cautionary statement.
Contact
Information:
For investor and media inquiries please contact:
Gary Guidry, Chief Executive Officer
Ryan Ellson, Executive Vice President & Chief Financial
Officer
Rodger Trimble, Vice President, Investor Relations
+1-403-265-3221
info@grantierra.com
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