CALGARY, Oct. 25, 2013 /CNW/ - Gran Tierra Exchangeco Inc. ("Exchangeco") (TSX: GTX) and Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE, TSX: GTE), announce that, in accordance with the terms and conditions of the
exchangeable shares (the "Exchangeable Shares") of Exchangeco, the board of directors of Exchangeco has determined
that the redemption date for the Exchangeable Shares (the "Redemption Date") will be extended from November 14, 2013 to such later date as may be
established by the board of directors of Exchangeco at its discretion.
Pursuant to the terms and conditions of the Exchangeable Shares, the
board of directors of Exchangeco is entitled to establish a Redemption
Date at its discretion. The previously disclosed Redemption Date of
November 14, 2013 was originally set out in the Joint Management
Information Circular and Proxy Statement of Gran Tierra Energy Inc. and
Solana Resources Limited dated October 10, 2008 (the "Circular") and was based upon a prior determination of the board of directors of
Exchangeco to redeem the Exchangeable Shares on such date. If the board
of directors of Exchangeco establishes a new Redemption Date, notice of
such date will be provided to the holders of Exchangeable Shares.
Except with respect to such Redemption Date, the terms and conditions
of the Exchangeable Shares, as previously set forth in the Circular,
continue to be applicable in all respects, including without limitation
in respect of the rights of retraction and exchange of the holders of
the Exchangeable Shares, and this press release should be read in
Questions and requests for assistance relating to the exercise of a
holder's rights of exchange or retraction of the Exchangeable Shares
may be directed to the transfer agent for the Exchangeable Shares,
Computershare Trust Company of Canada, between the hours of 8:30 a.m.
and 8:00 p.m. Eastern Time, at 1-800-564-6253 (toll free in Canada and
the United States of America) or +1-514-982-7555 (international direct
Exchangeco is a subsidiary of Gran Tierra Energy. Exchangeco does not
carry on any business independently; rather, the Exchangeable Shares
are exchangeable into common stock of Gran Tierra Energy and have, in
accordance with their terms and certain contractual arrangements, the
same voting rights and other attributes as the common stock of Gran
About Gran Tierra Energy
Gran Tierra Energy is an international oil and gas exploration and
production company, headquartered in Calgary, Canada, incorporated in
the United States, trading on the NYSE MKT (GTE) and the Toronto Stock
Exchange (GTE), and operating in South America. Gran Tierra Energy
holds interests in producing and prospective properties in Colombia,
Argentina, Peru, and Brazil. Gran Tierra Energy has a strategy that
focuses on establishing a portfolio of producing properties, plus
production enhancement and exploration opportunities to provide a base
for future growth.
Gran Tierra Energy's Securities and Exchange Commission filings are
available on a web site maintained by the Securities and Exchange
Commission at http://www.sec.gov and on SEDAR at http://www.sedar.com.
SOURCE: Gran Tierra Energy Inc.
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