Business Context and Reporting Period
Company: GRAN TIERRA ENERGY INC.
Filing Type: Form 8-K (Current Report)
Date of Report: February 22, 2008
Reporting Period: Events occurring between January 25, 2008, and February 26, 2008.
Key Financial Metrics
This filing reports on a specific capital transaction rather than periodic financial performance. The filing text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
- Shares Issued: 1,715,138 shares of common stock.
- Total Proceeds: $1,869,644.90.
- Transaction Type: Unregistered sales of equity securities via warrant exercise.
Material Changes
The material change reported is the issuance of 1,715,138 shares of common stock to 19 warrant holders. These shares were issued on 12 separate dates between January 25, 2008, and February 26, 2008. The issuance was conducted in reliance on Section 4(2) of the Securities Act, as the purchasers were accredited investors who originally acquired the warrants in a private placement.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, or specific risk factors beyond the standard disclosure of the unregistered sale of securities.
Investor Verification Checklist
- Verify the total number of shares outstanding post-issuance to assess dilution impact.
- Confirm the exercise price per share implied by the aggregate purchase price ($1,869,644.90 / 1,715,138 shares).
- Review the original warrant agreement terms to understand the remaining warrant liability.
- Check subsequent filings for any registration statements filed to register these shares for public resale.