By Sheri Kasprzak
New York, Dec. 19 - Gran Tierra Energy Inc. said it concluded a private placement for $1,074,577.
The company sold to 26 accredited investors 1,343,221 units at $0.80 each.
The units are comprised of one share and one half-share warrant. The full warrants are exercisable for five years at $0.625 each.
Proceeds will be used for working capital and general corporate purposes.
Based in Calgary, Alta., Gran Tierra is an oil and natural gas exploration company.
| Issuer: | Gran Tierra Energy Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $1,074,577
|
| Units: | 1,343,221
|
| Price: | $0.80
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.625
|
| Settlement date: | Dec. 14
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
