Gran Tierra Energy Inc. Announces Establishment of Automatic Securities Purchase Plan
November 07 2018 - 4:30PM
Gran Tierra Energy Inc. Announces Establishment of Automatic
Securities Purchase Plan
Gran Tierra Energy Inc. (“Gran Tierra” or
the “Company”) (NYSE American: GTE)(TSX:GTE)(LSE:GTE)
today announced in connection with its previously announced normal
course issuer bid (
“NCIB”) to
purchase up to 19,269,732 of its shares of common stock
(
“Shares”), it entered into an
Automatic Securities Purchase Plan
(
“ASPP”) with a designated
broker. The ASPP is intended to allow for the purchase of Shares
under the NCIB when the Company would ordinarily not be permitted
to purchase shares due to regulatory restrictions and customary
self-imposed blackout periods.
Pursuant to the ASPP, outside of a trading
blackout period, Gran Tierra may, but is not required to, instruct
the designated broker to make purchases under the NCIB in
accordance with the terms of the ASPP. Such purchases will be
determined by the designated broker at its sole discretion based on
purchasing parameters set by Gran Tierra in accordance with the
rules of the Toronto Stock Exchange
(“TSX”), applicable securities
laws and the terms of the ASPP. The ASPP has been pre-cleared by
the TSX and will be implemented on November 9, 2018.
Outside of blackout periods, Shares may be
purchased under the NCIB based on management’s discretion, in
compliance with TSX rules and applicable securities laws. The NCIB
commenced on March 12, 2018 and ends on March 11, 2019. All
purchases made under the ASPP will be included in computing the
number of Shares purchased under the NCIB.
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. The Company is focused on its existing portfolio of
assets in Colombia and will pursue new growth opportunities
throughout Colombia, leveraging its financial strength. The
Company’s shares of common stock trade on the NYSE American, the
TSX 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. Investor inquiries may be
directed to info@grantierra.com or (403) 265-3221.
Gran Tierra’s Securities and Exchange Commission
filings are available on the SEC website at http://www.sec.gov and
on SEDAR at http://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,
potential purchases of the Shares for cancellation or redeployment
under the NCIB and pursuant to the ASPP. There can be no assurance
as to how many Shares, if any, will ultimately be acquired by Gran
Tierra under the NCIB and pursuant to the ASPP or what impact the
NCIB will have.
The forward-looking statements contained in this
news 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 Securities and Exchange Commission,
including, without limitation, under the caption “Risk Factors” in
Gran Tierra’s Annual Report on Form 10-K filed February 27, 2018
and its subsequent quarterly reports on Form 10-Q. These filings
are available on the SEC website at http://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 GuidryChief Executive Officer
Ryan EllsonChief Financial Officer
Rodger TrimbleVice President, Investor Relations(403)
265-3221
info@grantierra.com
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