Gran Colombia Gold Corp. announced today additional higher-grade gold intercepts over broad widths from the final eight diamond drill holes drilled in the Marmato Deeps Zone completing the 2019 Phase 2 infill drilling program at its Marmato Project in Caldas. The 2019 drilling campaign was split into two phases, of which the results of the Phase 1 drilling campaign were included in the updated Mineral Resource estimate [...]
Gran Colombia Gold Corp. is pleased to announce a non-brokered private placement of up to 7,142,858 Units of the Company at a price of CA$5.60 per Unit for total proceeds of up to CA$40 million. The five-day volume weighted average price of the Company’s shares for the period ended January 24, 2020 was CA$5.607. The net proceeds of the Private Placement will be used for general working capital and corporate [...]
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: January 31, 2020 Record date: January 24, 2020 Cash payment amount: Approximately US$0.08787055 per US$1.00 principal amount of Gold Notes representing an amortization payment of the principal amount issued and outstanding of approximately [...]
Gran Colombia Gold Corp. announced today that it produced a total of 22,391 ounces of gold in December bringing the total for the fourth quarter of 2019 to a new quarterly record of 65,237 ounces compared with 55,260 ounces in the fourth quarter of 2018. This brings the total gold production for 2019 to the top end of the Company’s guidance range with a new annual record of 239,991 ounces, up 10% over 2018. Lombardo [...]
Further to its news release of October 31, 2019, Gran Colombia Gold Corp. is pleased to announce that it has closed its previously announced private placement offering of subscription receipts of Caldas Finance Corp. in connection with the Company’s plan to spin off its Marmato Mining Assets in a reverse takeover transaction with Bluenose Gold Corp.. On closing of the Offering, CFC issued a total of 3,292,500 [...]
Gran Colombia Gold Corp. announced today that Wheaton Precious Metals International Ltd. has agreed to subscribe for CA$2 million in the marketed private placement offering of subscription receipts being led by Scotiabank, as sole bookrunner, and including Red Cloud Securities. The Offering, at a price of CA$2.00 per Subscription Receipt, is expected to close on or about December 19, 2019. Wheaton Precious Metals has been [...]
Gran Colombia Gold Corp. announced today that it produced a new monthly record total of 21,835 ounces of gold in November, surpassing its previous best month in February earlier this year. This brings the total for the first 11 months of 2019 to 217,600 ounces, up 9% over the first 11 months of 2018. Gran Colombia’s trailing 12 months’ total gold production at the end of November 2019 increased to 236,608 [...]
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 [...]
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