Gran Tierra Energy Inc. Announces Results Of Offer To Purchase All Of Its Issued And Outstanding 5.00% Convertible Senior Not...

 
TIDMGTE 
 
   CALGARY, Alberta, July 12, 2019 (GLOBE NEWSWIRE) -- 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 
 
   [phone] 
 
   [e-mail] 
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(END) Dow Jones Newswires

July 12, 2019 17:01 ET (21:01 GMT)

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