Is A Rally In Store? Gran Tierra Energy Inc (NYSEAMERICAN:GTE) Announces Results of Semi-Annual Credit Facility

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) is up slightly in the pre-market session on Thursday.  The stock has seen solid buying over the past week with a jump of about 20%.

Gran Tierra Energy Announces Results of Semi-Annual Credit Facility Redetermination and Final Voting Results of its Annual Meeting of Stockholders

  • announced the results of the Company’s semi-annual credit facility redetermination and the voting results from its annual meeting of stockholders held on June 2, 2021.
  • Results of Semi-Annual Credit Facility Redetermination: The semi-annual redetermination of Gran Tierra’s bank-syndicated revolving credit facility has been completed, and the syndicate of lenders party to the facility has agreed to confirm the facility with no changes. The next redetermination is scheduled for November 2021.
  • Final Voting Results of Gran Tierra’s Annual Meeting of Stockholders: Stockholders elected all eight individuals nominated by Gran Tierra. In addition, stockholders voted “FOR” the ratification of the appointment of KPMG LLP as Gran Tierra’s independent registered public accounting firm for the fiscal year ending December 31, 2021, “FOR” the approval, on an advisory basis, of the compensation of Gran Tierra’s named executive officers, and “FOR” the approval of the 2007 Equity Incentive Plan, as amended.

Market Action

As of 8:20, GTE stock went up 0.46% to $0.7150. The stock has traded 350 shares so far in the pre-market session.

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