Gran Tierra Considers Colombia Listing

Gran Tierra is considering listing on the Colombian stock exchange, COO Shane O’Leary tells LatinFinance. Speaking on the sidelines of the IDB conference, O’Leary says listing in a local exchange would allow the Calgary-based oil and mining company to tap a wider pool of capital and more diversified investor base, such as Colombian pension funds. “We see more Canadian companies [eventually] listing in Colombia,” he says. Other Canadian companies that have listed in the Colombian exchange recently include Canacol Energy and Pacific Rubiales. Arthur Korpach, head of oil & gas at Canadian investment bank CIBC, says there are also opportunities for LatAm companies to list on the TSX. “There are 283 LatAm companies listed on the Canadian exchanges,” he notes. “In the past year or so, CAD3.0bn was raised [in Canada] to finance 1,100 mining projects in LatAm. In the past 18 months, 21 publicly traded companies raised CAD1.6bn to invest in Colombia alone,” he adds.