Gran Tierra Energy Inc.’s Acquisition of i3 Energy Approved by i3 Energy Shareholders
07 Oktober 2024 - 5:22PM
Gran Tierra Energy Inc. (“
Gran
Tierra”)
(NYSE American:GTE) (TSX:GTE)
(LSE:GTE) today announced that the shareholders of i3
Energy plc, a public limited company organized under the laws of
England and Wales (“i3 Energy”), have approved Gran Tierra’s
previously announced acquisition of i3 Energy (the “Acquisition”).
This approval satisfies one of the conditions to
the closing of the Acquisition. The Acquisition remains subject to
the satisfaction of additional regulatory closing conditions, as
previously disclosed, and is expected to be effective on or about
October 31, 2024.
Cautionary Statement Regarding
Forward-Looking Statements
This press release includes forward-looking
statements within the meaning of Section 27A of the Securities Act,
Section 21E of the Securities Exchange Act of 1934, as amended, and
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 or “forward-looking information” within the
meaning of applicable Canadian securities laws. All statements
other than statements of historical facts included in this press
release, including statements relating to the Acquisition, are
forward-looking statements. These statements are based on the
current expectations of the management of Gran Tierra and are
naturally subject to uncertainty and changes in circumstances.
Although Gran Tierra believes that the expectations reflected in
such forward-looking statements are reasonable, Gran Tierra can
give no assurance that such expectations will prove to be correct.
There are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied
by such forward-looking statements, including the possibility that
the Acquisition will not be completed on a timely basis or at all,
whether due to the failure to satisfy the conditions of the
Acquisition (including approvals or clearances from regulatory and
other agencies and bodies) or otherwise, and other risk factors is
contained in the Risk Factors sections of Gran Tierra’s most recent
reports on Form 10-K and Form 10-Q. These forward-looking
statements are based on numerous assumptions regarding the present
and future business strategies of such persons and the environment
in which each will operate in the future. By their nature, these
forward-looking statements involve known and unknown risks, as well
as uncertainties because they relate to events and depend on
circumstances that will occur in the future. The factors described
in the context of such forward-looking statements may cause the
actual results, performance or achievements of any such person, or
industry results and developments, to be materially different from
any results, performance or achievements expressed or implied by
such forward-looking statements. No assurance can be given that
such expectations will prove to have been correct and persons
reading this press release are therefore cautioned not to place
undue reliance on these forward-looking statements which speak only
as at the date of this press release. All subsequent oral or
written forward-looking statements attributable to Gran Tierra, i3
Energy or any persons acting on their behalf are expressly
qualified in their entirety by the cautionary statement above.
Neither of Gran Tierra or i3 Energy undertakes any obligation to
update publicly or revise forward-looking statements, whether as a
result of new information, future events or otherwise, except to
the extent required by applicable law, regulation or stock exchange
rules.
ABOUT GRAN TIERRA ENERGY INC.
Gran Tierra Energy Inc. together with its
subsidiaries is an independent international energy company
currently focused on international oil and natural gas exploration
and production with assets currently in Colombia and Ecuador. The
Gran Tierra is currently developing its existing portfolio of
assets in Colombia and Ecuador and will continue to pursue
additional growth opportunities that would further strengthen Gran
Tierra’s portfolio. The Gran Tierra’s common stock trades on the
NYSE American, the Toronto Stock Exchange and the London Stock
Exchange under the ticker symbol “GTE.”
For investor and media inquiries please contact:Gary Guidry,
President & Chief Executive OfficerRyan Ellson, Executive Vice
President & Chief Financial
Officer+1-403-265-3221info@grantierra.com
SOURCE Gran Tierra Energy Inc.
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