Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, has announced that the Toronto Stock Exchange (TSX) has conditionally approved the listing of common shares of the company. The listing and trading of the common shares of Gran Tierra Energy on the TSX is subject to the company satisfying all TSX approval conditions. As a result of this conditional approval, Gran Tierra Energy is now required to comply with all rules and policies governing listed companies on the TSX.
Gran Tierra Energy will retain its current listing on the OTC Bulletin Board. Upon successful listing and trading of common shares on the TSX, Gran Tierra Energy will become dual listed on both the Toronto Stock Exchange and the OTC Bulletin Board.
"This is a substantial step forward for Gran Tierra Energy and our shareholders," stated Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy Inc. "We expect that a listing on the Toronto Stock Exchange will substantially broaden our shareholder base and increase the visibility of the company to the financial community. We look forward to working closely with the Toronto Stock Exchange to satisfy all our listing requirements," Coffield concluded.
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