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
UK Regulatory
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
+1-403-265-3221
info@grantierra.com
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(END) Dow Jones Newswires
July 12, 2019 17:01 ET (21:01 GMT)
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