Gran Tierra Energy, Inc. Gran Tierra Energy Inc. Provides Update Regarding Proposed Sale Of 218,012,500 Common Shares In Petr...

 
TIDMGTE 
 
   CALGARY, Alberta, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Gran Tierra Energy 
Inc. ("Gran Tierra" or the "Company") (NYSE 
American:GTE)(TSX:GTE)(LSE:GTE) today announced that Gran Tierra 
Resources Ltd. ("GTRL"), a wholly owned subsidiary of Gran Tierra, has 
terminated the purchase agreement with Remus Horizons PCC Limited 
regarding the proposed sale by GTRL of 218,012,500 common shares in the 
capital of PetroTal Corp ("PetroTal"). 
 
   As of market close on January 15, 2021, the 246,100,000 shares of 
PetroTal owned by GTRL had a market value of approximately US$ 56 
million. 
 
   Contact Information 
 
   For investor and media inquiries please contact: 
 
   Gary Guidry 
 
   President & Chief Executive Officer 
 
   Ryan Ellson 
 
   Executive Vice President & Chief Financial Officer 
 
   Rodger Trimble 
 
   Vice President, Investor Relations 
 
   [phone] 
 
   [e-mail] 
https://www.globenewswire.com/Tracker?data=uocoe-AX70ApOMIJIMy2SjT_XCb5OvDtVSeIR-QTVPiooTP1cj8b9ZaKVAhCtZlIJOQUnbwMJEvcdqcJw4oAI9nCh33ADPfqrokZVub3vkM= 
 
 
   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 Latin America, leveraging 
our financial strength. The Company's common stock trades 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. Investor inquiries may 
be directed to [e-mail] or [phone]. 
 
   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 
https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 
 
   Early Warning Disclosure 
 
   The termination described above reflects a change in a material fact 
contained in GTRL's early warning report dated December 14, 2020 as GTRL 
now retains its beneficial interest in respect of the 218,012,500 common 
shares in the capital of PetroTal Corp. that were subject to the noted 
purchase agreement. The remaining facts of the early warning report 
remain current and a copy of an amended early warning report with 
additional information in respect of the foregoing matters will be filed 
and made available on PetroTal Corp.'s SEDAR profile at www.sedar.com. 
To obtain a copy of the early warning report, you may also contact Ryan 
Ellson, Chief Financial Officer of Gran Tierra and a director of GTRL at 
[phone]. 
 
 
 
 

(END) Dow Jones Newswires

January 18, 2021 17:15 ET (22:15 GMT)

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