Gran Colombia Gold Corp. announced today that it has agreed to acquire US$5 million of 10% secured convertible debentures in a non-brokered private placement offering of US$20 million principal amount of Debentures by Gold X Mining Corp. . The proceeds of the Offering will be used solely by Gold X Mining for exercising the option to purchase, through its wholly owned subsidiary, ETK, Inc. , 100% of the interest in the [...]
Gran Colombia Gold Corp. announced today that it has filed a preliminary economic assessment technical report on its Marmato Project pursuant to National Instrument 43‐101 - Standards of Disclosure for Mineral Projects . The Technical Report supports the disclosure made by the Company in its October 15, 2019 news release and is based on the updated Mineral Resource estimate for the Marmato Project with an effective date [...]
Gran Colombia Gold Corp. announced today the release of its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis for the three and nine months ended September 30, 2019. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company’s [...]
Gran Colombia Gold Corp. announced today that it has closed its previously announced investment by Eric Sprott in a non-brokered private placement . Through the Private Placement, 2176423 Ontario Ltd., a corporation that is beneficially owned by Mr. Sprott, acquired 3,260,870 Units of Gran Colombia at a price of C$4.60 per Unit for a total investment of C$15 million. The proceeds of the Private Placement will be used for [...]
Gran Colombia Gold Corp. announced today multiple additional higher-grade gold intercepts over broad widths from 21 diamond drill holes drilled into the Marmato Deeps Zone as part of the ongoing 2019 Phase 1 and Phase 2 infill drilling program at its 100%-owned Marmato Project in Caldas, Colombia. The 2019 drilling campaign was split into two phases, of which Phase 1 was targeted to further delineate and extend [...]
Gran Colombia Gold Corp. is pleased to provide an update on its plan to spin off its Marmato Mining Assets into a special purpose vehicle to be created by Gran Colombia which will then complete a reverse takeover transaction with Bluenose Gold Corp. as announced on October 7, 2019. In connection with the RTO Transaction, Gran Colombia has entered into an agreement pursuant to which a syndicate, led by Scotiabank, as sole [...]
Gran Colombia Gold Corp. is pleased to announce that Eric Sprott has agreed to purchase 3,260,870 Units of the Company in a non-brokered private placement at a price of C$4.60 per Unit, representing a 4% discount to the five-day volume weighted average price of $4.79 for the period ended October 29, 2019, for a total investment of $15 million. The proceeds of the Private Placement will be used for general working capital [...]
Gran Colombia Gold Corp. announced today final assay results from the latest 25 diamond drill holes in the 2019 underground in-fill drilling programs at its high-grade Segovia Operations and also results from the first 15 diamond drill holes from an exploration drilling program which includes testing the down-dip extension of the Chumeca vein, one of the 24 known veins in the Segovia mining title the Company is not [...]
Gran Colombia Gold Corp. announced today the details for the forthcoming quarterly repayment of its 8.25% Senior Secured Gold-Linked Notes due 2024 as follows: Payment date: October 31, 2019 Record date: October 24, 2019 Cash payment amount: Approximately US$0.0788104 per US$1.00 principal amount of Gold Notes representing an amortization payment of the principal amount issued and outstanding of approximately US$0.0662139 [...]
Gran Colombia Gold Corp. announced today that it has completed an updated Mineral Resource estimate for its Marmato Project prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum Definition Standards incorporated by reference in National Instrument 43-101 with an effective date of July 31, 2019. Gran Colombia also announced today that SRK Consulting , Inc. has completed preliminary results [...]
Gran Colombia Gold Corp. announced today that it produced a total of 19,395 ounces of gold in September bringing the total for the third quarter of 2019 to 56,271 ounces compared with 57,163 ounces in the third quarter of 2018. For the first nine months of 2019, the Company produced a total of 174,754 ounces of gold, up 7% over the first nine months last year. This brings Gran Colombia’s trailing 12 months&rsquo [...]
Gran Colombia Gold Corp. announced today that it has compSigns Definitive Agreement With Respect to Venezuelan Opportunityleted its previously announced acquisition of a 19.89% equity investment in Western Atlas Resources Inc. through the first tranche of a non-brokered private placement completed today by Western Atlas. Western Atlas intends to use the proceeds of the Private Placement for a drilling program at its [...]
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