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CALGARY, Alberta, Aug. 29, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE), today announces that the Toronto Stock Exchange (“TSX”) has approved its notice of intention to make a normal course issuer bid (the “Bid”) for its shares of common stock (the “Shares”). As of August 22, 2022, there were 368,871,685 Shares issued and outstanding and the public float was 360,339,690 Shares. Pursuant to the Bid, Gran Tierra will be able to purchase for cancellation up to 36,033,969 Shares, representing 10% of the public float, at prevailing market prices at the time of purchase, through the facilities of the TSX or alternative trading platforms in Canada, if eligible, or by such other means as may be permitted by the TSX, for a one year period commencing on September 1, 2022 and ending on August 31, 2023. Gran Tierra may purchase up to 514,658 Shares on the TSX during any trading day, which represents approximately 25% of 2,058,635, which represents the average daily trading volume on the TSX for the most recently completed six calendar months prior to the TSX’s acceptance of the notice of the Bid. Gran Tierra may effect repurchases from […]
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