TORONTO, June 12, 2018 -- Gran Colombia Gold Corp. announced today that it has entered into a letter of intent with Sandspring Resources Ltd. pursuant to which it intends to acquire an approximately 15% equity interest in Sandspring . This investment in Sandspring will be made by way of the acquisition by Sandspring of the Company’s 30% carried participating interest in the Guia Antigua Mine in Segovia and a [...]
TORONTO, June 11, 2018 -- Gran Colombia Gold Corp. announced today that it produced a total of 18,675 ounces of gold in May bringing the total for the first five months of 2018 to 87,465 ounces, up 27% compared to the first five months of 2017. This brings the Company’s trailing 12-months’ total gold production to 192,461 ounces, up 11% from 2017’s annual production of 173,821 ounces and near the top end [...]
TORONTO, May 14, 2018 -- Gran Colombia Gold Corp. announced today that it has completed the previously announced redemptions of its Senior Secured Convertible Debentures due 2020 and 2024 . The Company redeemed a total of $86.3 million aggregate principal amount of Senior Debentures at par plus accrued and unpaid interest. Since the closing of the debt offering on April 30, 2018, holders of Senior Debentures have elected [...]
TORONTO, May 10, 2018 -- 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 months ended March 31, 2018. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. Serafino Iacono, Executive Co-Chairman of Gran Colombia, commenting on the [...]
TORONTO, May 03, 2018 -- Gran Colombia Gold Corp. announced today that it will release its financial results for the first quarter of 2018 after market close on Thursday, May 10, 2018 and will host a conference call and webcast on Friday May 11, 2018 at 9:30 a.m. Eastern Time to discuss the results. Webcast and call-in details are as follows: Live Event link: https://edge.media-server.com/m6/p/tck6woh8 International: 1 [...]
TORONTO, April 30, 2018 -- Gran Colombia Gold Corp. announced today that it has closed its previously announced proposed debt financing of 97,992 units for aggregate gross proceeds of approximately US$98 million. The Offering was led by GMP Securities L.P. as sole lead agent and sole book-runner. Each Unit consists of US$1,000 principal amount of senior secured gold-linked notes and 124 common share purchase warrants of [...]
TORONTO, April 20, 2018 -- Gran Colombia Gold Corp. announced today the positive results of the Company’s special meeting of shareholders and consent solicitations related to its previously announced proposed debt financing . With the requisite securityholder approval and consents now received, the Company expects to complete the closing of the Offering on April 30, 2018. Serafino Iacono, Executive Co-Chairman of [...]
TORONTO, April 09, 2018 -- Gran Colombia Gold Corp. announced today that it produced a total 18,633 ounces of gold in March bringing the total for the first quarter of 2018 to 52,672 ounces, up 35% compared to the first quarter of 2017. This brings the Company’s trailing 12-months’ total gold production to 187,485 ounces, up 8% from 2017’s annual production of 173,821 ounces and within the [...]
Gran Colombia Gold announced today the release of its audited consolidated financial statements and accompanying management’s discussion and analysis for the year ended December 31, 2017. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. Serafino Iacono, Executive Co-Chairman of Gran Colombia, commenting on the Company’s results for 2017, said, “We are pleased [...]
Gran Colombia Gold announced today that, in response to feedback from current and potential new investors, it is adapting the previously announced proposed debt financing to focus solely on refinancing its Senior Secured Convertible Debentures due 2020 and 2024 through a private placement led solely by GMP Capital Inc. of up to 95,000 units of the Company for anticipated aggregate gross proceeds of up to US$95,000,000 [...]
TORONTO, March 20, 2018 -- Gran Colombia Gold Corp. announced today that it produced a total 17,339 ounces of gold in February bringing the total for the first two months of 2018 to 34,039 ounces. At its high-grade Segovia Operations, gold production in February amounted to 15,248 ounces with 96% of the month’s production coming from the Company’s Providencia, El Silencio and Sandra K mines and the remainder [...]
Gran Colombia Gold announced today that it has received conditional approval from the Toronto Stock Exchange for the listing of the common share purchase warrants of the Company included in its best efforts private placement of up to 152,000 units of the Company for anticipated aggregate gross proceeds of up to US$152,000,000 . Each Unit will consist of US$1,000 principal amount of senior secured gold-linked notes and 124 [...]