Gran tierra energy inc. announces granting of exemptive relief regarding its normal course issuer bid

Calgary, alberta, feb. 20, 2024 (globe newswire) -- gran tierra energy inc. (“gran tierra”) (nyse american: gte)(tsx: gte)(lse: gte), today announces that it has obtained an exemption order from the canadian securities regulators which permits gran tierra to purchase up to 10% of its “public float” (within the meaning of the rules of the toronto stock exchange (the “tsx”)) of shares of common stock (the “shares”) through the nyse american (the “nyse”) and other trading systems based in the united states (together with the nyse, the “u.s. markets”) as part of gran tierra's normal course issuer bids announced on october 31, 2023. absent this exemptive relief, gran tierra's purchases under a normal course issuer bid on markets other than the tsx would be limited to not more than 5% of its outstanding shares over any 12-month period. a substantial majority of the trading volume of gran tierra's shares occurs through the u.s. markets.
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