mkt – Finance Colombia https://www.financecolombia.com Connecting Colombia to the global capital markets, analysts, economists, investors, and executives that matter Tue, 24 Dec 2019 00:17:47 +0000 en-US hourly 1 https://www.financecolombia.com/wp-content/uploads/2016/01/cropped-Favicon-32x32.png mkt – Finance Colombia https://www.financecolombia.com 32 32 Grand Tierra Energy Files For Share Buyback https://www.financecolombia.com/grand-tierra-energy-files-for-share-buyback/ Wed, 22 Jul 2015 23:10:33 +0000 https://www.financecolombia.com/?p=5968 CALGARY, July 22, 2015 – PRNewswire – Gran Tierra Energy Inc.  (NYSE MKT: GTE, TSX: GTE), today announces that it intends to implement a normal course issuer bid through the Toronto Stock Exchange (“TSX”) and the NYSE MKT. Pursuant to the bid and subject to regulatory approval, Gran Tierra would be able to purchase up to approximately 5% of its issued and outstanding shares of common stock for a one year period at prevailing market prices for cancellation.

Gran Tierra’s management said in a statement that it believes that the shares, at times, have been trading in a price range which does not adequately reflect their value in relation to Gran Tierra’s current operations, growth prospects and financial position. At such times, the purchase of shares for cancellation may be advantageous to stockholders by increasing the value of the remaining Shares.

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