Current Report Filing (8-k)
February 06 2017 - 5:30PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): February 6, 2017
GRAN TIERRA ENERGY INC.
(Exact name of Registrant as specified
in its charter)
Delaware
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98-0479924
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(State or other jurisdiction of incorporation)
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(I.R.S. Employer Identification No.)
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Commission file number:
001-34018
Suite
900, 520-3 Avenue SW
Calgary,
Alberta Canada T2P 0R3
(Address of principal executive offices
and zip code)
Registrant's telephone number, including
area code:
(403) 265-3221
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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¨
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
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On February 6,
2017, Gran Tierra Energy Inc. (“
Gran Tierra
”) issued a press release announcing that it has received approval
from the Toronto Stock Exchange (“
TSX
”) to implement its previously announced normal course issuer bid (the
“
Bid
”) through the facilities of the TSX, the NYSE MKT and eligible alternative trading platforms in Canada
and the United States. Pursuant to the Bid, Gran Tierra is able to purchase for cancellation up to 5% of its issued and outstanding
shares of common stock (the “
Shares
”) for a one year period at prevailing market prices. The brokerage firm
conducting the Bid on behalf of Gran Tierra is GMP FirstEnergy, with respect to purchases made on the TSX, and Griffiths McBurney
Corp., with respect to purchases made on the NYSE MKT.
Under the
Bid, Gran Tierra may repurchase for cancellation up to 19,540,359 Shares. This represents approximately 5% of its 390,807,191
issued and outstanding Shares as of January 27, 2017. These purchases will be made in accordance with applicable regulations
over a maximum period of one year beginning on February 8, 2017, and ending on February 7, 2018. The average daily trading
volume of the Shares over the six (6) calendar months prior to the date hereof was 1,214,973 Shares. Accordingly, Gran Tierra is
entitled to purchase, on any trading day, up to 303,743 Shares. The consideration that Gran Tierra will pay for any Shares
acquired by it under the Bid will be paid in cash at the market price of such Shares at the time of acquisition.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: February 6, 2017
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GRAN TIERRA ENERGY INC.
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By:
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/s/ David Hardy
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Name:
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David Hardy
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Title:
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VP Legal & General Counsel
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