Gran Tierra Energy Inc. Announces Sale of 137,093,750 PetroTal Shares for US$30.1 Million

CALGARY, Alberta, Nov. 26, 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 Limited (“GTRL”), a wholly owned subsidiary of Gran Tierra, has procured private purchasers for the sale by GTRL of an aggregate of 137,093,750 common shares (the “Purchased Shares”) of PetroTal Corp. (“PetroTal”) at a price of US$0.2198 per Purchased Share, for an aggregate purchase price of approximately US$30.1 million. The price of US$0.2198 per Purchased Share represents an approximate discount of 10.8% to the closing price of the common shares of PetroTal on November 25, 2021 on the AIM Market of the London Stock Exchange. Read More