GTE acquisition funding. Who can decipher the details?The Acquisition is expected to be funded through a combination of Gran Tierra's current cash balance, available borrowings under Gran Tierra's existing credit facilities, a new $130 million debt facility, and a private placement of up to $173.5 million of subscription receipts ("Subscription Receipts") priced at $3.00 per Subscription Receipt entitling each holder thereof to one share of common stock in the capital of the Corporation ("Common Shares"). The pricing reflects a 7.9 percent discount from the five day volume weighted average price of $3.26.
Read more at https://www.stockhouse.com/news/press-releases/2016/07/01/gran-tierra-energy-inc-announces-strategic-us-525-million-acquisition-of#ClfXz0jMDtYweQ3u.99