Gran Tierra Energy Inc. Announces Reverse Stock Split
CALGARY, Alberta, May 03, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) announced today that at its annual meeting of stockholders held on May 3, 2023, the Company’s stockholders have approved a 1-for-10 reverse stock split (the “reverse stock split”) of the Company’s common stock, par value $0.01 per share.
- CALGARY, Alberta, May 03, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) announced today that at its annual meeting of stockholders held on May 3, 2023, the Company’s stockholders have approved a 1-for-10 reverse stock split (the “reverse stock split”) of the Company’s common stock, par value $0.01 per share.
- The reverse stock split was previously approved by the Company’s board of directors in February 2023, subject to shareholder approval.
- When the reverse stock split becomes effective, every ten (10) of the Company’s issued shares of common stock will be combined into one issued share of common stock, without any change to the par value per share.
- If, as a result of the reverse stock split, a stockholder would otherwise be entitled to a fraction of a share of common stock in respect of the total aggregate number of pre-reverse stock split shares held by such stockholder, no such fractional shares will be awarded.