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CALGARY, ALBERTA--(Marketwired - Nov. 21, 2016) - Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE MKT:GTE)(TSX:GTE) today announced that it has entered into an agreement to sell 43,335,000 shares of its common stock, on a bought deal basis, at a price of US$3.00 per share, for aggregate gross proceeds to the Company of approximately US$130.0 million (the "Offering"). The Company intends to use the net proceeds from the Offering to repay borrowings outstanding under the Company's revolving credit facility, which amounts may be reborrowed for general corporate purposes, including to fund appraisal and development and to finance potential acquisitions. |
