Business Context and Reporting Period
Gran Tierra Energy Inc. filed this Form 8-K on April 22, 2008, reporting events occurring between April 4, 2008, and April 21, 2008. The company is incorporated in Nevada and maintains its principal executive offices in Calgary, Alberta, Canada.
Key Financial Metrics
This filing does not report standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to a specific equity transaction:
- Total Shares Issued: 1,941,417 shares of common stock.
- Total Purchase Price: $2,043,486.80.
- Transaction Type: Unregistered sales of equity securities pursuant to warrant exercises.
Material Changes
The filing discloses the issuance of 1,941,417 shares of common stock to 19 warrant holders. These shares were issued on eight separate dates between April 4 and April 21, 2008. The transaction was conducted in reliance on Section 4(2) of the Securities Act, as the purchasers were accredited investors who had originally acquired the warrants in a private placement.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. The document is limited strictly to the disclosure of the unregistered sale of equity securities.
Investor Verification Checklist
- Verify the total number of shares outstanding following the issuance of 1,941,417 new shares.
- Confirm the accreditation status of the 19 warrant holders to ensure compliance with Section 4(2) of the Securities Act.
- Review the terms of the original warrant private placement to understand the exercise price and conditions.
- Check for any subsequent filings regarding the registration rights of these newly issued shares.