Gran Tierra Provides Update Regarding Proposed Sale in PetroTal

Source: www.gulfoilandgas.com 1/19/2021, Location: South America

Gran Tierra Energy Inc. announced that Gran Tierra Resources Ltd. (“GTRL”), a wholly owned subsidiary of Gran Tierra, has terminated the purchase agreement with Remus Horizons PCC Limited regarding the proposed sale by GTRL of 218,012,500 common shares in the capital of PetroTal Corp (“PetroTal”).

As of market close on January 15, 2021, the 246,100,000 shares of PetroTal owned by GTRL had a market value of approximately US$ 56 million.


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