GRAN TIERRA ENERGY $1.33B SALE APPROVED BY SHAREHOLDERS

Gran Tierra Energy's ($GTE) shareholders approved selling its Colombia and Ecuador business to French group Maurel & Prom in a deal valued at $1.33 billion once assumed debt is counted. After paying off liabilities and closing costs, Gran Tierra expects to pocket just $315 million in net cash, but walks away with no debt once the sale closes around December 31.