Gold X Mining Corp. (fka GLDXF)

[NYBob]

Renee thanks; GLDXF: effective June 8,2021 Gran Colombia Gold Corp
acquired all of the issued and outstanding common shares of
Gold X Mng Corp.
For further information, refer to the Company's management information
circular in respect of the shareholder meeting held on May 27, 2021,
and its news releases dated May 20, 2021, May 27, 2021 and June 1,
2021.

FINRA will delete the symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.

Gran Colombia Announces Multiple High-Grade Drill Results From the
2021 In-Mine and Brownfield Drilling Campaigns at Its
Segovia Operations; Success Continues at the Brownfield Vera Project
Including 31.78 g/t Au and 8,150.0 g/t Ag Over 0.30 Meters
June 09, 2021
TORONTO, June 09, 2021 (GLOBE NEWSWIRE) --


http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Multiple-High-Grade-Drill-Results-From-the-2021-In-Mine-and-Brownfield-Drilling-Campaigns-at-Its-Segovia-Operations-Success-Continues-at-the-Brownfield-Vera-Project-Including-31.78-gt-Au-and-8150.0-gt-Ag-Over-0.30-Meters/default.aspx


Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (“Gran Colombia” or
the “Company”) announced today multiple high-grade intercepts from the
latest 62 diamond drill holes, totaling 13,056 meters, from the 2021
in-mine and near-mine drilling programs and a further 11 diamond drill
holes, totaling 3,190 meters, from the 2021 brownfield drilling
programs at its Segovia Operations.

The Company also announced the assay results from four additional kick-
off diamond drill holes (2,319 meters) from the ongoing directional
drilling program at the El Silencio Deep Zone.

Significant high-grade intercepts from the latest drill results include:

In-mine

Providencia: 211.68 g/t Au and 253.6 g/t Ag over 0.33 meters on the
Providencia Vein (PV-ES-008);

Sandra K: 147.91 g/t Au and 194.8 g/t Ag over 0.74 meters on the
Sandra K Techo Hanging Wall Vein (SK-IU-175);
Sandra K: 85.56 g/t Au and 262.1 g/t Ag over 1.32 meters on the

Sandra K Techo Vein (SK-IU-169);

Chumeca: 187.11 g/t Au and 242.2 g/t Ag over 0.43 meters on the Chumeca
Hanging Wall Vein (CH-IU-030);

El Silencio: 37.16 g/t Au and 52.5 g/t Ag over 0.55 meters on the 450
Vein (ES-MH08-02);

El Silencio: 23.25 g/t Au and 117.5 g/t Ag over 1.80 meters on the
Manto Vein (ES-MH08-02);
Brownfield

Vera: 15.39 g/t Au and 3,496.1 g/t Ag over 0.70 meters on the
Lluvias Vein (VER-ES-010); and,

Marmajito: 123.65 g/t Au and 172.60 Ag over 0.93 meters on the
Marmajito Vein (MAR-EU-003).

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Multiple-High-Grade-Drill-Results-From-the-2021-In-Mine-and-Brownfield-Drilling-Campaigns-at-Its-Segovia-Operations-Success-Continues-at-the-Brownfield-Vera-Project-Including-31.78-gt-Au-and-8150.0-gt-Ag-Over-0.30-Meters/default.aspx

$GLDXF: effective June 8,2021 Gran Colombia Gold Corp acquired all of the
issued and outstanding common shares of Gold X Mng Corp.
For further information, refer to the Company's management information
circular in respect of the shareholder meeting held on May 27, 2021,
and its news releases dated May 20, 2021, May 27, 2021 and June 1, 2021.

FINRA will delete the symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions


Zihin (43.5 bil usd ) has a higher m.cap than Barrick 42.8
(Nem 59 ). Just for saying a bid on gcm would be pocket money for them.


$Red Cloud Update: C$17.25 Gran Colombia Gold Corp. (TPRFF)(TSX:GCM)
Gold X Acquisition Complete; Updating our Estimates
Corporate Update
June 8, 2021
(from ceo.ca)

https://cdn-ceo-ca.s3.amazonaws.com/1gbut4v-20210604-GCM-Update.pdf

post-tax NPV5% of $1,034M for the Toroparu project

(toro present value with 5% discount is a billion US dollars but market
gives it only C$200M or less)

ongoing project optimization that includes the discovery of continuous
high-grade gold bearing structures extending for +3 km in strike and +450m
in depth.

over time, as it advances, it should become more accretive as we increase
the multiple applied to;

$Toroparu (using a 1.0x multiple our target would
be ~C$22).

$Gold should rocket, along with silver and miners, soon.

$trunkmonk thanks; $4000 Gold – Insurance, A Hedge, An Investment
Kelsey Williams

$Gold Price vs Stock Market – 100 Year Chart



$Gold Price vs Stock Market – 20 Year Chart



$Gold Price vs Stock Market – 10 Year Chart



$Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021

https://youtu.be/XyroIjmQi_I

Palisades Gold Radio
70.2K subscribers
Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co-
Founder of Franco Nevada and Formerly President of Newmont Mining.


https://www.youtube.com/watch?v=XyroIjmQi_I


$trunkmonk thanks; Aris Gold Announces 10,000 Metre Drill Program At Juby Project, Ontario, Canada

Aris Gold Corp this morning announced that it has begun
planning for a drill program on its Juby Project within
the Abitibi greenstone belt of Ontario.

The program is expected to consist of a total of 10,000 metres of
drilling.

https://thedeepdive.ca/aris-gold-announces-10000-metre-drill-program-at-juby-project/

Aris Gold Corp (TSX: ARIS) this morning announced that it has begun
planning for a drill program on its Juby Project within the Abitibi
greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.


The initial drill program is set to begin in the third quarter of 2021,
with the program targeting an extension between the Big Dome and Golden
Lake deposits, while also testing known high grade mineralized zones.
Currently, the project contains a 10 kilometre long strike which
follows the Tyrrell Shear Zone.

Presently, the 14,000 acre Juby property contains a mineral resource
estimate of 773,000 ounces of indicated gold within 21.3 million tonnes
based on an open pit model.
A further 1,488,000 ounces of inferred resource is contain within the
model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t
cut-off, and was established via 105,861 metres of drilling within 379
holes.

Active exploration has not occurred on the property since 2018.

Aris Gold last traded at $2.30 on the TSX.

$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.


In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif



Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated

[Renee]

GLDXF: effective June 8,2021 Gran Colombia Gold Corp acquired all of the issued and outstanding common shares of Gold X Mng Corp. For further information, refer to the Company's management information circular in respect of the shareholder meeting held on May 27, 2021, and its news releases dated May 20, 2021, May 27, 2021 and June 1, 2021.

FINRA will delete the symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[NYBob]

$Gold X Obtains Final Order from B.C. Supreme Court...

Approving Plan of Arrangement with Gran Colombia Gold Corp. -

https://ca.finance.yahoo.com/news/gold-x-obtains-final-order-183100823.html

$trunkmonk thanks; Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021

Palisades Gold Radio
70.2K subscribers
Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co-
Founder of Franco Nevada and Formerly President of Newmont Mining.


https://www.youtube.com/watch?v=XyroIjmQi_I


Great news for TPRFF gold....

https://www.zerohedge.com/markets/macleod-end-lbma-nigh


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164111004

trunkmonk thanks; this is smart thinking, and its all with real money and
fully booked as an asset thanks to Basil III.

https://www.zerohedge.com/economics/tennessee-will-explore-possibility-state-gold-depository


$600k oz per year??

$This is what Serafino said in a Northern Miner article
“Our goal in Segovia is, within the next four years,
to take production to 400,000 ounces.”

https://www.northernminer.com/global-mining-symposium/natural-resources-entrepreneur-serafino-iacono-shares-the-know-how-and-the-know-who/1003824914/

He explicitly says this for segovia alone.
He said this last year, long before the merger with goldx.

He must mean bringing some of the other 20 unexplored Segovia veins
into production.

If that is the case, adding Toroparu would make
the total 600k oz per year.

Institutions should like the bigger $500 mil market cap company
and greater than 500k oz production with diversified country.

When guy in guyana was profitable, it was given a high valuation
($800 mil market cap for only 200k oz production).

Some people think that is a better country for investment.


Q: does the polymetalic plant work with denarius ore?
It is polymetalic with silver and gold.
Truck some ore over, add a crusher, and GCM increases production
even more.


$Gran Colombia Announces Voting Results of the Annual General and Special
Meeting of Shareholders Held Today; Shareholders
Approve Gold X Acquisition )
May 27, 2021
TORONTO, May 27, 2021 (GLOBE NEWSWIRE) --


$Gran Colombia Gold Corp.’s (TSX: GCM, OTCQX: TPRFF) Annual General and
Special Meeting of Shareholders was held today.
The detailed results of the votes for each matter to be acted upon
are set out below:

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx


Update on Gold X Acquisition

Gran Colombia is also pleased to announce that, earlier today,
the shareholders of both the Company and
Gold X approved the proposed Arrangement under which
the Company will acquire all of the issued and outstanding
common shares of Gold X not already owned by the Company
in exchange for Gran Colombia common shares on
the basis of 0.6948 of a Gran Colombia share
for each Gold X share.

Gold X expects to apply for a final order of the Supreme Court of
British Columbia approving the Arrangement on or about June 1, 2021
(the “Final Order”).
Subject to receipt of the Final Order, as well as the satisfaction or
waiver of other customary closing conditions,
Gold X and the Company expect that the Arrangement will become
effective at 12:01 a.m. on June 4, 2021.

$About Gran Colombia Gold Corp.

$Gran Colombia is a Canadian-based mid-tier gold producer with its
primary focus in Colombia where it is currently the largest underground
gold and silver producer with several mines in operation at its high-
grade Segovia Operations.

Gran Colombia’s portfolio includes equity positions in several listed
companies advancing gold and silver projects including

a 44.3% equity interest in Aris Gold Corporation (TSX: ARIS)
(Colombia – Marmato; Canada – Juby),

a 17.8% equity interest in Gold X Mining Corp. (TSX-V: GLDX) (Guyana –
Toroparu),

a 27.3% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain –
Lomero; Colombia – Guia Antigua and Zancudo) and

a 25.8% equity interest in Western Atlas Resources Inc. (TSX-V: WA) b(Nunavut – Meadowbank).

Additional information on Gran Colombia can be found on its website at

http://www.grancolombiagold.com

and by reviewing its profile on SEDAR at www.sedar.com.

For Further Information, Contact:
Mike Davies
Chief Financial Officer
[phone]
[e-mail]

Cautionary Statement on Forward-Looking Information:

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164077344


In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[NYBob]

$Gran Colombia Announces Voting Results of the Annual General and Special
Meeting of Shareholders Held Today; Shareholders
Approve Gold X Acquisition
May 27, 2021
TORONTO, May 27, 2021 (GLOBE NEWSWIRE) --


Gran Colombia Gold Corp.’s (TSX: GCM, OTCQX: TPRFF) Annual General and
Special Meeting of Shareholders was held today.
The detailed results of the votes for each matter to be acted upon
are set out below:

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx


Update on Gold X Acquisition

Gran Colombia is also pleased to announce that, earlier today,
the shareholders of both the Company and
Gold X approved the proposed Arrangement under which
the Company will acquire all of the issued and outstanding
common shares of Gold X not already owned by the Company
in exchange for Gran Colombia common shares on
the basis of 0.6948 of a Gran Colombia share
for each Gold X share.

Gold X expects to apply for a final order of the Supreme Court of
British Columbia approving the Arrangement on or about June 1, 2021
(the “Final Order”).
Subject to receipt of the Final Order, as well as the satisfaction or
waiver of other customary closing conditions,
Gold X and the Company expect that the Arrangement will become
effective at 12:01 a.m. on June 4, 2021.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based mid-tier gold producer with its
primary focus in Colombia where it is currently the largest underground
gold and silver producer with several mines in operation at its high-
grade Segovia Operations.

Gran Colombia’s portfolio includes equity positions in several listed
companies advancing gold and silver projects including
a 44.3% equity interest in Aris Gold Corporation (TSX: ARIS)
(Colombia – Marmato; Canada – Juby),
a 17.8% equity interest in Gold X Mining Corp. (TSX-V: GLDX) (Guyana –
Toroparu),
a 27.3% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain –
Lomero; Colombia – Guia Antigua and Zancudo) and
a 25.8% equity interest in Western Atlas Resources Inc. (TSX-V: WA) b(Nunavut – Meadowbank).

Additional information on Gran Colombia can be found on its website at

http://www.grancolombiagold.com

and by reviewing its profile on SEDAR at www.sedar.com.

For Further Information, Contact:
Mike Davies
Chief Financial Officer
[phone]
[e-mail]

Cautionary Statement on Forward-Looking Information:

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164077344


In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[NYBob]

$DAVID GAROFALO - FIAT DAY OF RECKONING COMING, NEW CURRENCY SYSTEM BUILT BY THE PEOPLE, WATCH GOLD
WATCH


https://www.bitchute.com/video/zr3wxXawUnb3/


https://investorshub.advfn.com/boards/profile.aspx?user=29145d=163375153

17 minute video on Gran Colombia April 15

Highlights include interviews with senior management;
footage of Medellín, Segovia, inside the Company’s mines and
processing plants;

progress in technology and environmental impact;

interviews with local collaborators including the Angelitos de Luz
Foundation and artisanal miners;

as well as the positive impact that the Company’s had on
the communities of Segovia and Remedios through its investments
in education, infrastructure, and formalization of artisanal mining.

Watching this obvious they plan to mine a long long time there.
6,000 jobs.
One of the highest jobs per $million mkt cap companies out there
have to guess.

[NYBob]

$We can take our production to 400,000 oz a year fairly easily” -
$Gran Colombia Gold TPRFF (GCM.TSE)
13,523 views•Mar 29, 2021

Cambridge House International Inc.
127K subscribers
“We can take our production to 400,000 oz a year fairly easily” - Gran Colombia Gold $GCM.TO

Serafino Iacono

https://www.youtube.com/watch?v=ydVha770j_I


According to a 2019 preliminary economic assessment, the project would
have a mine life of 24 years and an initial preproduction capex of
C$378 million, producing 1.5 million oz. gold in its first 10 years.

A C$232 million expansion in year 11 (to 8.4 million t/y from
4.2 million t/y) would be financed from cash flow and bring
total production to 4.5 million oz. over the life of mine.

Gran Colombia’s Segovia produced more than 220,000 oz. of gold last year.

(This article first appeared in the Canadian Mining Journal)


http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Gold-Provides-Exploration-Update-for-Its-Segovia-Operations/default.aspx

http://www.grancolombiagold.com/Home/default.aspx


http://www.grancolombiagold.com/operations-and-projects/colombia/default.aspx

http://www.grancolombiagold.com/news-and-investors/events-and-presentations/events-calendar/default.aspx

http://www.grancolombiagold.com/news-and-investors/Videos/default.aspx


http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Acquisition-of-Approximately-36-Equity-Interest-in-Denarius-Silver-Corp/default.aspx


http://www.grancolombiagold.com/news-and-investors/market-information/default.aspx#dividends

http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx


In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[NYBob]

$We can take our production to 400,000 oz a year fairly easily” -
$Gran Colombia Gold TPRFF (GCM.TSE)
13,523 views•Mar 29, 2021

Cambridge House International Inc.
127K subscribers
“We can take our production to 400,000 oz a year fairly easily” - Gran Colombia Gold $GCM.TO

Serafino Iacono

https://www.youtube.com/watch?v=ydVha770j_I


According to a 2019 preliminary economic assessment, the project would
have a mine life of 24 years and an initial preproduction capex of
C$378 million, producing 1.5 million oz. gold in its first 10 years.

A C$232 million expansion in year 11 (to 8.4 million t/y from
4.2 million t/y) would be financed from cash flow and bring
total production to 4.5 million oz. over the life of mine.

Gran Colombia’s Segovia produced more than 220,000 oz. of gold last year.

(This article first appeared in the Canadian Mining Journal)


http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Gold-Provides-Exploration-Update-for-Its-Segovia-Operations/default.aspx

http://www.grancolombiagold.com/Home/default.aspx


http://www.grancolombiagold.com/operations-and-projects/colombia/default.aspx

http://www.grancolombiagold.com/news-and-investors/events-and-presentations/events-calendar/default.aspx

http://www.grancolombiagold.com/news-and-investors/Videos/default.aspx


http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Acquisition-of-Approximately-36-Equity-Interest-in-Denarius-Silver-Corp/default.aspx


http://www.grancolombiagold.com/news-and-investors/market-information/default.aspx#dividends

http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx


In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[NYBob]

You have heard the CEO a few times, and he is one smart cookie!!!!
Shermann I agree and here is some great newws:

INTERVIEW, SERAFINO & FRANK HOLMES ( US GLOBAL INVESTORS)
Great understanding of the real situation in GCM and CGC.

- https://www.linkedin.com/posts/serafino-iacono-925a09192_caldas-gold-and-gran-columbia-gold-undervalued-activity-6711703744687484928--csv

- https://www.linkedin.com/posts/serafino-iacono-925a09192_best-gold-stocks-for-dividends-2020-ceo-activity-6711703492127461376-gw1a

- https://www.linkedin.com/posts/serafino-iacono-925a09192_this-gold-stock-is-about-to-explode-caldas-activity-6711703334153183232-N6I5

- https://www.linkedin.com/posts/serafino-iacono-925a09192_all-that-glitters-is-gold-and-silver-activity-6711703151336062976-7tv7

- https://www.linkedin.com/posts/serafino-iacono-925a09192_gold-to-4000-and-the-best-way-to-play-it-activity-6711702916459237376-Vl16

[Renee]

SSPXF changed to GLDXF:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[NYBob]

Friedland joins gold company 'given state of the markets'
Michael McCrae Michael McCrae -
Monday June 22, 2020 16:44
Kitco NewsShare this article:


South American development company

Gold X Mining (TSX:GLDX) said Monday that industry legend Robert Friedland will become its non-executive chair.

Current chair, Paul Matysek, will resign to make space for Friedland.

Gold X is developing its Toroparu gold project in Guyana, South America.

Gold X said it has spent more than US$150 million classifying 7.35 million ounces of measured and indicated and 3.15 M-oz of inferred gold resources, developing engineering studies for use in a feasibility study, and defining a number of exploration targets around Toroparu.

Given the stats of the markets, Friedland said he is happy to join Gold X.

“Paul and I had the pleasure to work together very successfully at Potash One, where I was the Chairman, and which we sold in a friendly transaction for $434-million cash in 2011. Paul’s team is now developing an important gold project in Guyana, a beautiful country of which I am very fond and with which I have had a long experience. Given the state of the financial markets, and the large existing and open-ended geological potential of this project, I am happy to join Paul and his team at Gold X to lend a hand,” said Robert Friedland in a news release. Gold X made news a month ago when it tried to assemble a deal with itself, Gran Colombia and Guyana Goldfields. Zijin Mining eventually came out on top, acquiring Guyana for C$323 million.

Matysek said he is happy to stand aside for Friedland.

“The great Michael Jordan once said, ‘Some people want it to happen, some wish it would happen, others make it happen’. Robert Friedland has crafted a life of success after success and I’m thrilled that he has joined our Board as Chairman to keep making it happen for Gold X and our valued shareholders,” said Matysek.

By Michael McCrae
For Kitco News


In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[NYBob]

Gold X Announces Increase in Shareholder Support for Merger With Gran Colombia and Guyana Goldfields -
VANCOUVER, British Columbia, May 13, 2020 (GLOBE NEWSWIRE) --


Gold X Mining Corp. (“Gold X”) (TSXV: GLDX, OTCQX: SSPXF) is pleased to announce that certain shareholders of Gold X, who collectively hold 2,897,225 shares or 7.62% of Gold X’s issued common shares, have entered into voting support agreements in favour of the business combination (the “Gold X Transaction”) with Gran Colombia Gold Corp. (“Gran Colombia”) (TSX: GCM; OTCQX: TPRFF).

When added to the previously announced voting support agreements entered into by directors, officers and shareholders of Gold X, the aggregate number of common shares for which voting support agreements have been signed is 8,785,015 common shares or 23.10% of Gold X’s issued common shares. As a result, including the common shares held by Gran Colombia, 42.33% of Gold X’s issued common shares will vote in favor of the Gold X Transaction and, in respect of the required “majority of the minority” vote (which excludes the votes cast in favour of the Gold X Transaction by Gran Colombia), 28.60% of shares eligible for that vote will vote in favour of the Gold X Transaction.

About Gold X Mining Corp

Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to both classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toroparu on its 100% owned Upper Puruni Concession. Gold X has 38 M issued and outstanding common shares with more than 40% of the shares closely held by Insiders and the company’s executive management team.

A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated July 18, 2019 completed by SRK Consulting (U.S.), Inc.) (the “Technical Report”) Gold defined a 5.02 M-oz Potentially Mineable Gold Resource producing 188 thousand ounces of gold per year over a 24-year mine-life. The Technical Report is available on SEDAR (www.sedar.com) and on the Company’s website ( http://www.goldxmining.com ).

Visit Gold X’s website at http://www.goldxmining.com .

Cautionary Note Regarding Forward-looking Statements

This press release includes certain forward-looking statements concerning future performance and operations of the Company, including the expected positive results from the Toroparu Project based on the estimates and findings contained in the PEA, as summarized herein, management's objectives, strategies, beliefs and intentions as well as the manner in which Gran Colombia and other holders of common shares of Gold X who have entered into voting support agreements will vote their shares. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management at the time such statements are made. All forward-looking statements and information are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, changes in project parameters as plans continue to be refined, uncertainties of project cost overruns or unanticipated costs and expenses, uncertainties inherent in conducting operations in a foreign country, uncertainties related to the availability and costs of financing needed in the future, the risk that the conclusion of pre-production studies may not be accurate, the Company's successful advancement of the Toroparu Project toward feasibility and obtaining positive results from ongoing evaluation and testing of multiple gold targets located in the Company's landholdings in Guyana and Colombia, among other risks as described in our public filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Gold X Mining Resources Ltd. has an ongoing obligation to disclose material information, as it becomes available.

For Further Information, Contact:

Telephone: [phone]
Email: [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[NYBob]

Gran Colombia GCM/TPRFF Highlights:

Creates a High-Growth, Latin American-Focused Intermediate Gold Producer

° Strong pro-forma 2020 production of 275,000 oz1 with production
growth to over 500,000 oz/year,

management estimates, by the development of three near-term
projects


Gran Colombia Gold Proposes to Merge With Guyana Goldfields and Gold X
to Create a High-Growth, Latin American-Focused Intermediate Gold
Producer
May 11, 2020
TORONTO, Ontario and VANCOUVER, British Columbia, May 11, 2020 (GLOBE NEWSWIRE) --

Gran Colombia Gold Corp. (“Gran Colombia”) (TSX: GCM; OTCQX: TPRFF) is
pleased to announce that it has signed a definitive agreement to
complete a business combination with Gold X Mining Corp. (“Gold X”)
(TSXV: GLDX, OTCQX: SSPXF) (the “Gold X Transaction”) and that it has
submitted a proposal to Guyana Goldfields Inc. (“Guyana Goldfields”)
(TSX:GUY) to acquire all of its issued and outstanding common shares
(the “Proposed Guyana Goldfields Transaction”; and together with the
Gold X Transaction, the “Proposal”).
The contemplated business combination between Gran Colombia and Gold X
is conditional upon the successful concurrent acquisition of Guyana
Goldfields, and the proposal to Guyana Goldfields is conditional on the
concurrent acquisition of Gold X.

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2020/Gran-Colombia-Gold-Proposes-to-Merge-With-Guyana-Goldfields-and-Gold-X-to-Create-a-High-Growth-Latin-American-Focused-Intermediate-Gold-Producer/default.aspx


The combined entity will continue as Gran Colombia and will be managed by the current Gran Colombia executive team, with corporate headquarters remaining in Toronto. Shareholders of Gran Colombia will own ~60% of the combined company, with Guyana Goldfields and Gold X shareholders owning ~25% and ~15%, respectively, on a basic shares outstanding basis.

Gran Colombia and Gold X are excited about the opportunity to bring their expertise in Latin American mining projects to maximize the value of the combined assets and create a new Latin American intermediate gold producer. Gran Colombia and Gold X believe the immediate value creation afforded to Guyana Goldfields shareholders via the upfront offer premium and the ability to realize further value through the continued operations in the new larger, stronger entity represents an opportunity far superior, both strategically and financially, to the proposed transaction between Silvercorp Metals Inc. (“Silvercorp”) and Guyana Goldfields announced on April 27, 2020.

In support of the Proposal, Gran Colombia has purchased 8.7 million shares of Guyana Goldfields, representing ~5% of the basic shares outstanding.

Transaction Highlights

Creates a High-Growth, Latin American-Focused Intermediate Gold Producer
° Strong pro-forma 2020 production of 275,000 oz1 with production
growth to over 500,000 oz/year, based on management estimates, through
the development of three near-term growth projects

• Toroparu, Aurora Underground and Marmato (via 74%
ownership in Caldas Gold)
° Poised to become a consolidator in the Latin American gold sector

Unlocks Realizable Synergies in Guyana

° Toroparu is located ~50km from Aurora and Gran Colombia and Gold X
have identified an opportunity to connect the two sites and use
existing Aurora infrastructure to develop an optimized production plan
for both Toroparu and Aurora gold resources that significantly reduces
the upfront capital that would be required to start the Toroparu Open
Pit and Aurora Underground projects independently

° Management estimates potential to unlock savings of ~US$200 million
based on latest Toroparu and Aurora technical reports

° Key savings include use of the Toroparu resource as satellite
deposits for near-term gold production from Aurora’s leach processing
facility, use of existing mining fleet and camp facilities at Aurora,
shared access infrastructure, and consolidated G&A

° Full integration plan to be completed post-closing of the Proposal

Enhanced Balance Sheet and Access to Capital
° Combined company will have greater than US$100 million in cash in addition to the financing support provided by Wheaton Precious Metals Corp. (“Wheaton”) to fund development
° Caldas Gold is currently evaluating a number of financing options for the Marmato expansion ahead of pre-feasibility study due mid-2020
° The combined company will also have greater access to equity and debt markets and benefit from Gran Colombia’s Segovia Project’s robust free cash flow

Highly Accretive Transaction with Strong Re-Rate Potential
° The transaction is highly accretive to net asset value per share
° Strong potential to re-rate as Gran Colombia enters a new larger peer set due to the resulting benefits of enhanced production, free cash flow and liquidity along with potential increased index inclusion

Proven Latin American Operating and Mine Building Experience
° Proven experience operating in Latin America through operating the largest underground gold and silver producer in Colombia
° Highly qualified executive team with prior mine building experience in the Guiana Shield
° Demonstrated ability to improve and optimize assets
__________________
1 Based on midpoint of Gran Colombia guidance for Segovia and Marmato (on an attributable basis via 74% ownership in Caldas Gold) and of Guyana Goldfields May 7, 2020 news release


Wheaton has indicated their support for Gran Colombia’s proposed Guyana consolidation and has indicated it remains committed to helping to fund the development of Toroparu.

Serafino Iacono, Executive Chairman of Gran Colombia, stated: “We are excited to present this opportunity to all the shareholders of Gran Colombia, Guyana Goldfields and Gold X. It is extremely rare to come across a transaction that can unlock significant tangible synergies outside of simply consolidating head offices. Not only does this transaction unlock meaningful value for all shareholders, but it creates a new Latin American gold champion with Latin American operators and mine builders. We will use our unique skillset to continue to grow Gran Colombia and create substantial value for all shareholders. We look forward in the coming weeks to present our vision to shareholders and demonstrate the superior value that our proposed merger possesses.”

Lombardo Paredes, CEO of Gran Colombia, stated: “We have studied the integration of Aurora and Toroparu and strongly believe in its potential. Based on our internal integration plan we have identified US$200 million of synergies as there are a number of different areas where Toroparu can benefit from the existing infrastructure at Aurora. This is truly a unique opportunity and I look forward to using Gran Colombia’s strong operating and mine-building team to unlock this substantial value for shareholders.”

Paul Matysek, CEO and Chairman of the Board of Directors of Gold X, added: “We envision that this business combination will release both short and long term value through the economies of scale and synergies inherent in two large deposits located within 50km of each other. We are fortunate to have attracted such an experienced operator as Gran Colombia Gold. The management team’s success as an underground miner in Colombia as well as history developing assets within the Guiana Shield make them the ideal partner for development of the mining assets in Guyana. This deal just makes a lot of business sense on all fronts!”

Transaction Details

Under the terms of the Proposal, Gran Colombia proposes to acquire all of the issued and outstanding shares of Guyana Goldfields at a share exchange ratio of 0.142 Gran Colombia shares for each Guyana Goldfields share (the “Guyana Goldfields Exchange Ratio”), implying a value of C$0.90, a premium of ~29% to the closing price of the Guyana Goldfields shares on the Toronto Stock Exchange on May 8, 2020 and a ~50% premium to the headline value of the C$0.60 per share offered in the contemplated transaction with Silvercorp.

In addition, Gran Colombia can provide Guyana Goldfields with a loan of up to US$15 million with a defined use of proceeds related to ongoing operations at the Aurora Underground Project, as well as for certain working capital and general corporate purposes.

Concurrently, Gran Colombia will acquire the remaining 81% of the issued and outstanding shares of Gold X that it does not already own at a share exchange ratio of 0.500 Gran Colombia shares for each Gold X share (the “Gold X Exchange Ratio”), implying a headline value of C$3.17, representing a premium of 15% to the closing price on the TSX Venture Exchange on May 8, 2020, and a premium of 41% to the volume-weighted average price of Gold X shares over the 20 trading days ended on the TSX Venture Exchange on May 8, 2020.

Under the definitive agreement signed May 10, 2020 (the “Gold X Arrangement Agreement”), the Gold X Transaction is structured as a plan of arrangement. The Proposed Guyana Goldfields Transaction is expected to be structured as a plan of arrangement and is subject to the signing of definitive documentation with Guyana Goldfields. The Proposal will require approval by a simple majority of the votes cast by Gran Colombia shareholders, and by more than 2/3rds of the votes cast by Gold X and Guyana Goldfields shareholders at their respective special meetings of shareholders, as well as the receipt of regulatory approvals including the approvals of the Toronto Stock Exchange and TSX Venture Exchange and other customary conditions. As the Gold X Transaction constitutes a “business combination” under Multilateral Instrument 61-101 “Protection of Minority Security Holders in Special Transactions” majority of minority shareholder approval is also required, being approval by a simple majority of the votes cast at the Gold X special meeting by Gold X shareholders, excluding the votes cast by Gran Colombia.

Gold X Board of Directors Recommendations and Support Agreements

The Gold X Arrangement Agreement has been negotiated under supervision of, and reviewed and recommended for acceptance by, a special committee of Gold X directors independent of Gran Colombia. The Board of Directors of Gold X, relying in part on the recommendation of its special committee and a fairness opinion from its financial advisor, unanimously approved the Gold X Arrangement Agreement and recommends that Gold X shareholders vote in favour of the Gold X Transaction.

Officers, directors and certain shareholders of Gold X, who collectively hold 5,887,790 or 15.48% of Gold X’s issued common shares, have entered into voting support agreements in favour of the Gold X Transaction.

Advisors and Counsel

Scotiabank is acting as financial advisor to Gran Colombia and Wildeboer Dellelce LLP is acting as Gran Colombia’s legal advisor.

BMO Capital Markets is acting as financial advisor to Gold X and Stikeman Elliot LLP is acting as Gold X’s legal advisor.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. Gran Colombia owns approximately 74% of Caldas Gold Corp., a Canadian mining company currently advancing a prefeasibility study for a major expansion and modernization of its underground mining operations at its Marmato Project in Colombia. Gran Colombia’s project pipeline includes its Zancudo Project in Colombia together with an approximately 19% equity interest in Gold X Mining Corp. (TSXV: GLDX) (Guyana – Toroparu) and an approximately 20% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).

Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.

Cautionary Note Regarding Forward-looking Statements

This news release contains "forward-looking information", which may include, but is not limited to, statements regarding the completion of the proposed transactions, the holding of the special meetings of Gran Colombia, Gold X and Guyana Goldfields and other statements that are not historical facts. While such forward-looking statements are expressed by Gran Colombia, as stated in this release, in good faith and believed by Gran Colombia to have a reasonable basis, they are subject to important risks and uncertainties including, without limitation, required Gran Colombia, Gold X and Guyana Goldfield securityholder approval and necessary court approval, the satisfaction or waiver of certain other conditions contemplated by the agreements governing each of the Gold X Transaction and the Proposed Guyana Goldfields Transaction, and changes in applicable laws or regulations, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. As a result of these risks and uncertainties, the proposed transactions could be modified, restructured or not be completed, and the results or events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. Other factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in Gran Colombia’s Annual Information Form dated as of March 30, 2020, which is available for view on SEDAR at www.sedar.com. Gran Colombia is not affirming or adopting any statements made by any other person in respect of the proposed transactions and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except in accordance with applicable securities law, or to comment on expectations of, or statements made by, any other person in respect of the proposed transactions. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement.

For Further Information, Contact:

Gran Colombia Gold Corp.
Mike Davies
Chief Financial Officer
[phone]
[e-mail]
Gran Colombia Gold logo.jpg

Source: Gran Colombia Gold

[NYBob]

Gold X Mining Corp. GLDX / SSPXF (Sandspring Resources Ltd.)


7.35M Ounce M&I Resource

CORPORATE PRESENTATION
April 30, 2020

TSX-V: GLDX OTCQX: SSPXF Flying Under the Radar with
One of the Largest Undeveloped Gold Deposits in the Americas

https://goldxmining.com/wp-content/uploads/2020/05/GLDX-Presentation-Spring-2020-04-30.pdf

https://goldxmining.com/

https://goldxmining.com/news/

Gran Colombia Gold Corp. is the largest and
controlling shareholder of Gold X Mining Corp.

https://investorshub.advfn.com/Gold-X-Mining-Corp-SSPXF-2348/

Gold X Mining – Fast Track to Production Decision -

https://wallstreet-online.de/nachricht/12485466-gold-x-mining-track-to-production-decision/all via
@wotwitt

https://investorshub.advfn.com/Gold-X-Mining-Corp-SSPXF-2348/

Gold x (SSPXF) news -
TPRFF/GCM owns a portion of company -

Gold X Closes $2.5 Million Private Placement
VANCOUVER, British Columbia, April 09, 2020 (GLOBE NEWSWIRE) --

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154927938

Gran Colombia’s project pipeline includes its
Zancudo Project in Colombia together with an approximately 21% equity
interest in Gold X Mining Corp. (TSXV: GLDX) (Guyana – Toroparu)

Gold X Mining Corp. (TSX-V: GLDX, OTCQX: SSPXF)
(“Gold X” or the “Company”) announces that it has completed its previously announced non-brokered private placement (the “Placement”) and has issued 2,631,578 units (each, a “Unit”) at a price of $0.95 per Unit for gross proceeds of $2,500,000.

Each Unit consists of one common share of the Company, and one share purchase warrant entitle the holder to purchase an additional share at a price of $1.30 until April 9, 2023 (the “Warrants”). The Warrants are subject to accelerated expiry in the event the closing price of the common shares of the Company on the TSX Venture Exchange exceeds $2.25 for ten consecutive trading days.

The Company intends to use the proceeds of the Placement for obtaining a mining permit, optimizing project economics, and mergers and acquisitions and general corporate activities.

No finders’ fees or commissions were paid in connection with completion of the Placement. All securities issued in connection with the Placement are subject to a four-month-and-one-day statutory hold period, expiring on August 10, 2020, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The Placement included aggregate subscriptions of 760,526 Units from Frank Giustra, Brian O’Neill and Bedrock Capital Corporation, a holding company controlled by Paul Matysek, each of which are considered “related parties” to the Company for the purposes of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance of Units to related parties pursuant to the Placement are considered related party transactions within the meaning of MI 61-101. The Company relied on exemptions from the formal valuation and minority shareholder approval requirements in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party subscriptions as the fair market value of subscriptions does not exceed twenty-five percent of the market capitalization of the Company.

In connection with the Placement, Brian Paes-Braga subscribed for and acquired 210,526 Units. Following completion of the Placement, Mr. Paes-Braga beneficially owns or has control and direction over a total of 1,200,213 common shares of the Company, 1,806,651 share purchase warrants, 285,666 of convertible debentures and 50,000 stock options. The common shares beneficially owned or controlled by Mr. Paes-Braga represent approximately 5.26% of the outstanding common shares of the Company.
Assuming exercise of the share purchase warrants, convertible debenture and stock options, when combined with his existing ownership, Mr. Paes-Braga would have control and direction over 4,142,530 common shares, representing approximately 10.31% of the then issued and outstanding common shares of the Company.

Mr. Paes-Braga has advised the Company that he has acquired the Units of the Company for investment purposes and has no present intention to acquire further securities of the Company, although may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant. A copy of the early warning report filed by Mr. Paes-Braga, in connection with his participation in the Placement, is available under the Company’s profile on SEDAR ( http://www.sedar.com ) or by contacting the Company.

On behalf of the Board of Directors of Gold X Mining Corp.

“Paul Matysek”
Director and Chief Executive Officer

About Gold X Mining Corp.

Gold X Mining Corp. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated July 18, 2019 completed by SRK Consulting (U.S.), Inc.) (the “PEA”) available on SEDAR (www.sedar.com) and on the Company’s website
( http://www.goldxmining.com ) .
Gold X also holds a 100% interest in the Chicharrón Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at
http://www.goldxmining.com
or by email at [e-mail].

Visit Gold X’s website at http://www.goldxmining.com .

Contact Gold X Mining Corp.

Richard A. Munson
President
Tel: [phone] or via email at [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements
This press release includes certain forward-looking statements concerning future performance and operations of the Company. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management at the time such statements are made. All forward-looking statements and information are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, changes in project parameters as plans continue to be refined, uncertainties of project cost overruns or unanticipated costs and expenses, uncertainties inherent in conducting operations in a foreign country, uncertainties related to the availability and costs of financing needed in the future, the risk that the conclusion of pre-production studies may not be accurate, the Company's successful advancement of the Toroparu Project toward feasibility and obtaining positive results from ongoing evaluation and testing of multiple gold targets located in the Company's landholdings in Guyana and Colombia, among other risks as described in our public filings available at www.sedar.com . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon.
Gold X Mining Corp. has an ongoing obligation to disclose material information, as it becomes available.



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@nasdaq Gold X Closes $2.5 Million Private Placement -

@nasdaq/gold-x-closes-25-million-private-placement
$GLDX $SSPXD 1 from #newsroom, about an hour ago

[NYBob]

Gold X Mining – Fast Track to Production Decision -

https://wallstreet-online.de/nachricht/12485466-gold-x-mining-track-to-production-decision/all via
@wotwitt

https://investorshub.advfn.com/Gold-X-Mining-Corp-SSPXF-2348/

Gold x (SSPXF) news -
TPRFF/GCM owns a portion of company -

Gold X Closes $2.5 Million Private Placement
VANCOUVER, British Columbia, April 09, 2020 (GLOBE NEWSWIRE) --

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154927938

Gran Colombia’s project pipeline includes its
Zancudo Project in Colombia together with an approximately 21% equity
interest in Gold X Mining Corp. (TSXV: GLDX) (Guyana – Toroparu)

Gold X Mining Corp. (TSX-V: GLDX, OTCQX: SSPXF)
(“Gold X” or the “Company”) announces that it has completed its previously announced non-brokered private placement (the “Placement”) and has issued 2,631,578 units (each, a “Unit”) at a price of $0.95 per Unit for gross proceeds of $2,500,000.

Each Unit consists of one common share of the Company, and one share purchase warrant entitle the holder to purchase an additional share at a price of $1.30 until April 9, 2023 (the “Warrants”). The Warrants are subject to accelerated expiry in the event the closing price of the common shares of the Company on the TSX Venture Exchange exceeds $2.25 for ten consecutive trading days.

The Company intends to use the proceeds of the Placement for obtaining a mining permit, optimizing project economics, and mergers and acquisitions and general corporate activities.

No finders’ fees or commissions were paid in connection with completion of the Placement. All securities issued in connection with the Placement are subject to a four-month-and-one-day statutory hold period, expiring on August 10, 2020, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The Placement included aggregate subscriptions of 760,526 Units from Frank Giustra, Brian O’Neill and Bedrock Capital Corporation, a holding company controlled by Paul Matysek, each of which are considered “related parties” to the Company for the purposes of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance of Units to related parties pursuant to the Placement are considered related party transactions within the meaning of MI 61-101. The Company relied on exemptions from the formal valuation and minority shareholder approval requirements in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party subscriptions as the fair market value of subscriptions does not exceed twenty-five percent of the market capitalization of the Company.

In connection with the Placement, Brian Paes-Braga subscribed for and acquired 210,526 Units. Following completion of the Placement, Mr. Paes-Braga beneficially owns or has control and direction over a total of 1,200,213 common shares of the Company, 1,806,651 share purchase warrants, 285,666 of convertible debentures and 50,000 stock options. The common shares beneficially owned or controlled by Mr. Paes-Braga represent approximately 5.26% of the outstanding common shares of the Company.
Assuming exercise of the share purchase warrants, convertible debenture and stock options, when combined with his existing ownership, Mr. Paes-Braga would have control and direction over 4,142,530 common shares, representing approximately 10.31% of the then issued and outstanding common shares of the Company.

Mr. Paes-Braga has advised the Company that he has acquired the Units of the Company for investment purposes and has no present intention to acquire further securities of the Company, although may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant. A copy of the early warning report filed by Mr. Paes-Braga, in connection with his participation in the Placement, is available under the Company’s profile on SEDAR ( http://www.sedar.com ) or by contacting the Company.

On behalf of the Board of Directors of Gold X Mining Corp.

“Paul Matysek”
Director and Chief Executive Officer

About Gold X Mining Corp.

Gold X Mining Corp. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated July 18, 2019 completed by SRK Consulting (U.S.), Inc.) (the “PEA”) available on SEDAR (www.sedar.com) and on the Company’s website
( http://www.goldxmining.com ) .
Gold X also holds a 100% interest in the Chicharrón Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at
http://www.goldxmining.com
or by email at [e-mail].

Visit Gold X’s website at http://www.goldxmining.com .

Contact Gold X Mining Corp.

Richard A. Munson
President
Tel: [phone] or via email at [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements
This press release includes certain forward-looking statements concerning future performance and operations of the Company. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management at the time such statements are made. All forward-looking statements and information are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, changes in project parameters as plans continue to be refined, uncertainties of project cost overruns or unanticipated costs and expenses, uncertainties inherent in conducting operations in a foreign country, uncertainties related to the availability and costs of financing needed in the future, the risk that the conclusion of pre-production studies may not be accurate, the Company's successful advancement of the Toroparu Project toward feasibility and obtaining positive results from ongoing evaluation and testing of multiple gold targets located in the Company's landholdings in Guyana and Colombia, among other risks as described in our public filings available at www.sedar.com . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon.
Gold X Mining Corp. has an ongoing obligation to disclose material information, as it becomes available.



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@nasdaq Gold X Closes $2.5 Million Private Placement -

@nasdaq/gold-x-closes-25-million-private-placement
$GLDX $SSPXD 1 from #newsroom, about an hour ago

[NYBob]

Gold x (SSPXF) news (TPRFF/GCM owns a portion of company) Gold X Closes $2.5 Million Private Placement
VANCOUVER, British Columbia, April 09, 2020 (GLOBE NEWSWIRE) --

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154927938
Gran Colombia’s project pipeline includes its
Zancudo Project in Colombia together with an approximately 21% equity
interest in Gold X Mining Corp. (TSXV: GLDX) (Guyana – Toroparu)

Gold X Mining Corp. (TSX-V: GLDX, OTCQX: SSPXF) (“Gold X” or the “Company”) announces that it has completed its previously announced non-brokered private placement (the “Placement”) and has issued 2,631,578 units (each, a “Unit”) at a price of $0.95 per Unit for gross proceeds of $2,500,000.
Each Unit consists of one common share of the Company, and one share purchase warrant entitle the holder to purchase an additional share at a price of $1.30 until April 9, 2023 (the “Warrants”). The Warrants are subject to accelerated expiry in the event the closing price of the common shares of the Company on the TSX Venture Exchange exceeds $2.25 for ten consecutive trading days.

The Company intends to use the proceeds of the Placement for obtaining a mining permit, optimizing project economics, and mergers and acquisitions and general corporate activities.

No finders’ fees or commissions were paid in connection with completion of the Placement. All securities issued in connection with the Placement are subject to a four-month-and-one-day statutory hold period, expiring on August 10, 2020, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The Placement included aggregate subscriptions of 760,526 Units from Frank Giustra, Brian O’Neill and Bedrock Capital Corporation, a holding company controlled by Paul Matysek, each of which are considered “related parties” to the Company for the purposes of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance of Units to related parties pursuant to the Placement are considered related party transactions within the meaning of MI 61-101. The Company relied on exemptions from the formal valuation and minority shareholder approval requirements in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party subscriptions as the fair market value of subscriptions does not exceed twenty-five percent of the market capitalization of the Company.

In connection with the Placement, Brian Paes-Braga subscribed for and acquired 210,526 Units. Following completion of the Placement, Mr. Paes-Braga beneficially owns or has control and direction over a total of 1,200,213 common shares of the Company, 1,806,651 share purchase warrants, 285,666 of convertible debentures and 50,000 stock options. The common shares beneficially owned or controlled by Mr. Paes-Braga represent approximately 5.26% of the outstanding common shares of the Company. Assuming exercise of the share purchase warrants, convertible debenture and stock options, when combined with his existing ownership, Mr. Paes-Braga would have control and direction over 4,142,530 common shares, representing approximately 10.31% of the then issued and outstanding common shares of the Company.

Mr. Paes-Braga has advised the Company that he has acquired the Units of the Company for investment purposes and has no present intention to acquire further securities of the Company, although may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant. A copy of the early warning report filed by Mr. Paes-Braga, in connection with his participation in the Placement, is available under the Company’s profile on SEDAR (www.sedar.com) or by contacting the Company.

On behalf of the Board of Directors of Gold X Mining Corp.

“Paul Matysek”
Director and Chief Executive Officer

About Gold X Mining Corp.

Gold X Mining Corp. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated July 18, 2019 completed by SRK Consulting (U.S.), Inc.) (the “PEA”) available on SEDAR (www.sedar.com) and on the Company’s website (www.goldxmining.com). Gold X also holds a 100% interest in the Chicharrón Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at www.goldxmining.com or by email at [e-mail].

Visit Gold X’s website at www.goldxmining.com.

Contact Gold X Mining Corp.

Richard A. Munson
President
Tel: [phone] or via email at [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements
This press release includes certain forward-looking statements concerning future performance and operations of the Company. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management at the time such statements are made. All forward-looking statements and information are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, changes in project parameters as plans continue to be refined, uncertainties of project cost overruns or unanticipated costs and expenses, uncertainties inherent in conducting operations in a foreign country, uncertainties related to the availability and costs of financing needed in the future, the risk that the conclusion of pre-production studies may not be accurate, the Company's successful advancement of the Toroparu Project toward feasibility and obtaining positive results from ongoing evaluation and testing of multiple gold targets located in the Company's landholdings in Guyana and Colombia, among other risks as described in our public filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Gold X Mining Corp. has an ongoing obligation to disclose material information, as it becomes available.



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@nasdaq Gold X Closes $2.5 Million Private Placement @nasdaq/gold-x-closes-25-million-private-placement $GLDX $SSPXD 1 from #newsroom, about an hour ago

[NYBob]

Gold X Appoints Paul Matysek Chairman and CEO and announces $2.5 million Private Placement
VANCOUVER, British Columbia, April 01, 2020 (GLOBE NEWSWIRE) --

Gold X Mining Corp. (TSX-V: GLDX, OTCQX: SSPXF) (“Gold X” or the “Company”) is very pleased to announce that it has appointed Mr. Paul Matysek as the Company’s Chief Executive Officer (“CEO”) and Chairman of the Board of Directors.
Mr. Matysek will succeed Mr. Rich Munson who has been appointed President of the Company.

The Board of Directors believes that Mr. Matysek’s unique qualifications and experience are of great value to the Company as it moves its Toroparu Project forward. As a member of the Strategic Advisory Committee, Paul, with the assistance of Brian Paes-Braga and Company CFO Bassam Moubarak was instrumental in recommending and closing the acquisition of 100% of the Toroparu Project, a major milestone in the Company’s history. See Press Release dated March 13, 2020 at goldxmining.com.

Mr. Matysek is a geologist/geochemist by training, a successful alpha entrepreneur and creator of shareholder value with over 40 years of experience in the mining industry. Since 2004 as either CEO or Executive Chairman, Mr. Matysek has sold five publicly listed exploration and development companies, in aggregate worth over $2 billion. Most recently, he was Executive Chairman of Lithium X Energy Corp., which was sold to Nextview New Energy Lion Hong Kong Limited for $265 million in cash. Mr. Matysek was President and CEO of Goldrock Mines Corp., which sold to Fortuna Silver Mines in July 2016. He was previously CEO of Lithium One, which merged with Galaxy Resources of Australia to create a multi-billion-dollar integrated lithium company. He served as CEO of Potash One, which was acquired by K+S Ag for $434-million cash in a friendly takeover in 2011. Mr. Matysek was also the co-founder and CEO of Energy Metals Corp., a uranium company that grew from a market capitalization of $10 million in 2004 to approximately $1.8 billion when sold in 2007.

Mr. Matysek noted: “The Toroparu Project, at 7.4 million ounces of gold with significant copper and silver credits, provides a unique opportunity for value creation in this gold environment. The Toroparu Project is at an advanced development stage and has in place potential mine financing up to US$135 million from Wheaton Precious Metals (“Wheaton”). Furthermore, Gold X is blessed with key shareholders Gran Columbia Gold (21%), Frank Giustra (9%) and Brian Paes-Braga (5%), who are solidly behind our corporate vision. As a result of gold’s recent positive performance and bullish long-term expectations, Gold X is certainly well positioned to develop and/or expand its appreciable resource base. It will undoubtedly become an increasingly attractive target to mid and top tier gold companies. I’m looking forward to working with the reorganized Gold X Board, Management and shareholders.”

Mr. Munson stated: “Gold X Management is very excited that Paul has agreed to move from his position on the Advisory Board to the role of CEO. I am confident that all investors in Gold X will benefit from the addition of his energy, experience and expertise to the Company in the role of CEO. I will continue to focus on the work in Guyana and provide shareholder communication support.”

The Company has reorganized its Board of Directors with the resignations of Mr. Munson, Mr. Greg Barnes, Mr. Gordon Keep and Mr. David Laing. The Board of Directors recognize their respective contributions to the Company and wishes Mr. Keep and Mr. Laing much success in the future. Mr. Barnes remains an Executive Vice President at the Company.

The Board of Directors has also appointed Mr. Brian O’Neill as a Director. Mr. O’Neill spent nearly a decade in the practice of law with leading Canadian law firm, McCarthy Tétrault LLP, principally focused on corporate tax matters, with a particular emphasis on mergers and acquisitions. He is currently the Vice President, Merchant Banking at SAF Group, a leading structured credit and merchant banking firm. He has experience creating and advising public companies, including recently as a director of Caldas Gold Corp. (formerly Bluenose Gold Corp.) in its acquisition of the Marmato Project in Colombia.

After the reorganization of the Board, the Company’s Board of Directors is comprised of Mr. Matysek, Chairman, Mr. Bassam Moubarak, Mr. Suresh Beharry, Mr. Federico Restrepo-Solano, Mr. Lombardo Paredes-Arena and Mr. O’Neill.

The Company also announces a non-brokered private placement of 2,631,579 units (the “Units”) at a price of $0.95 per Unit for gross proceeds of up to $2,500,000. Each Unit consists of one common share of the Company (“Share”) and one share purchase warrant entitling the holder to purchase one Share at $1.30 for a period of three years from the date of issuance (“Warrant”). The Warrants are subject to an acceleration clause whereby the warrant must be exercised within 30 days should the share price trade at $2.25 or higher for ten consecutive days.

The Company intends to use the proceeds for obtaining a mine permit, optimizing project economics, mergers and acquisitions and general corporate activities.

Completion of the private placement is subject to the acceptance for filing of the TSX Venture Exchange. The securities issued by the Company in connection with this offering are subject to a four-month “hold period” as prescribed by the TSX Venture Exchange and applicable securities laws.

The Company further announces an aggregate grant of 925,000 stock options to certain directors, officers and consultants of the Company exercisable at $1.30 per share, expiring 5 years from the date of grant, subject to regulatory approval.

On behalf of the Board of Directors of Gold X Mining Corp.

“Paul Matysek”
Director and Chief Executive Officer

About Gold X Mining Corp. Ltd.

Gold X Mining Corp. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated July 18, 2019 completed by SRK Consulting (U.S.), Inc.,) (the “PEA”) available on SEDAR (www.sedar.com) and on the Company’s website (www.goldxmining.com). The Toroparu Project, with Wheaton’s participation, generates a 24.2% after tax IRR at $1,400/oz of Au, and 27.68% at $1,500/oz of Au, indicating that project returns are both robust at historic Au prices and positively leveraged to higher Au prices.

The Company signed a renewal in 2019 of the Environmental Permit that authorizes the development, construction and operation of a large-scale mine at the Toroparu Project. Under the terms of the existing Mineral Agreement between Sandspring, ETK Inc. (“ETK”) and the Government of Guyana and with the Environmental Permit in place, the final step in securing the large scale Mining License is the review of the economic viability of the Toroparu Project as demonstrated by the PEA.

The Company is closely monitoring the COVID-19 pandemic and has taken precautionary measures at its locations in Guyana and at the main office in North America to help protect the safety of the Company's workforce and local communities. To date there are no confirmed or presumptive cases of the COVID-19 virus at any of the Company's operations or offices. The Company will continue to closely monitor the rapidly changing COVID-19 developments and will adjust its plans as necessary. The Company is following the COVID-19 safety guidelines outlined by the governments at each of its operations.

Additional information is available at www.goldxmining.com or by email at [e-mail]

Visit Gold X’s website at www.goldxmining.com.

Contact Gold X Mining Corp.

Rich Munson
President
Tel: [phone] or via email at [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[Sanderson]

These crooks fooled investors again. Shame. Organized crime.

[NYBob]

Gran Colombia Gold Announces Agreement to Acquire US$5 Million of 10% Secured Convertible Debentures From Gold X Mining
T.GCM | 1 day ago
TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) --

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it has agreed to acquire US$5 million of 10% secured convertible debentures (the “Debentures”) in a non-brokered private placement offering (the “Offering”) of US$20 million principal amount of Debentures by Gold X Mining Corp. (TSXV: GLDX, formerly Sandspring Resources Ltd). 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. (“ETK”), 100% of the interest in the Toroparu Project in Guyana held by Mr. Alphonso pursuant to a joint venture agreement between Mr. Alphonso and ETK.

Commenting on the transaction, Lombardo Paredes, Chief Executive Officer of the Company, stated, “The exercise by Gold X Mining of its option to purchase 100% of the Toroparu gold deposit provides ownership certainty as they continue on the path to create value for their stakeholders, including Gran Colombia.”

Funding for the Offering comprises US$10 million from Wheaton Precious Metals and US$5 million from each of Gran Colombia and the Fiore Group. The Debentures will mature 36 months from the date of closing, which is expected to occur during the first two weeks of December 2019 and remains subject to approval by the TSX Venture Exchange.

The Debentures will be convertible, in whole or in part, at the option of holder into Gold X Mining common shares based on a conversion price of CA$3.20 per share and the closing Canadian dollar exchange rate as published by the Bank of Canada on the business day prior to conversion.

Interest on the Debentures will be compounded semi-annually and payable annually. Interest is payable in shares at the option of the holder. If the holder does not elect to receive shares, then Gold X Mining has the right to settle the interest payment in cash or defer payment, with interest, to maturity.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its Segovia and Marmato Operations. Gran Colombia is continuing to focus on exploration, expansion and modernization activities at its high-grade Segovia Operations and, through a spin out transaction with Bluenose Gold Corp. announced on October 7, 2019, Gran Colombia is progressing toward a major expansion and modernization of its underground mining operations at the Marmato Project.

Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gran Colombia to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 27, 2019 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Gran Colombia disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact:
Mike Davies
Chief Financial Officer
[phone]
[e-mail]

image: https://www.globenewswire.com/newsroom/ti?nf=Nzc2NjU0NCMzMjQzMTA2IzIwMDg2MDc=


image: https://ml.globenewswire.com/media/e5b564c3-e5c1-4409-a562-faa33a8306a2/small/gran-colombia-gold-logo-jpg.jpg

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GlobeNewswire
December 4, 2019 - 5:23 AM PST
Tags:
GOLD INDUSTRIAL METALS & MINERALS

Read more at https://stockhouse.com/news/press-releases/2019/12/04/gran-colombia-gold-announces-agreement-to-acquire-us-5-million-of-10-secured#SkuzeKrriEMU9Zxb.99

[Sanderson]

Wonder what is there for retail investors. RS, more shares issued, new RS, more shares issued. Board reorganization, share consolidation. Same crooked methods, different name.

[Renee]

Sandspring Resources Ltd. changed to Gold X Mining Corp. and a one for 8 reverse split: ***PPS closed at .19

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[NYBob]

Sandspring Resources Announces Continuation to B.C., Name Change to Gold X Mining Corp. and 8:1 Consolidation
Date : 11/28/2019 @ 5:00PM
Source : GlobeNewswire Inc.
Stock : Sandspring Resources Ltd (SSP)
Quote : 0.255 0.0 (0.00%) @ 7:00AM

Sandspring Resources Announces Continuation to B.C., Name Change to Gold X Mining Corp. and 8:1 Consolidation
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Gold X Mining Corp. (TSX-V: GLDX, OTCQX: SSPXF) (“Gold X” or the “Company”) announces that it has continued its jurisdiction of incorporation into British Columbia and that the Board of Directors of the Company has approved a name change to “Gold X Mining Corp.” and a consolidation of its issued and outstanding share capital on the basis of one new common share for every eight outstanding common shares.
As a result, the outstanding common shares of the Company will be reduced to approximately 35,149,209. The consolidation will also apply to common shares issuable upon the exercise of the Company’s outstanding stock options and warrants. Effective at the opening of markets on Monday, December 2, 2019, the post-consolidation common shares of the Company will commence trading on the TSX Venture Exchange under the new symbol “GLDX”. No fractional shares will be issued under the consolidation and any fraction will be rounded to the nearest whole number.

The Company also announces a reorganization of its Board of Directors with the resignations of Mr. David Constable and Mr. Harry Pokrandt. The Board of Directors recognizes their contributions to the Company and wishes each of the resigning board members continued success in the future. Following their departure, the Company’s Board of Directors is comprised of Richard Munson, Greg Barnes, Gordon Keep, Bassam Moubarak, Suresh Beharry, David Laing, Federico Restrepo-Solano and Lombardo Paredes-Arena.

On behalf of the Board of Directors of Gold X Mining Corp.

“Richard A. Munson”
Director and Chief Executive Officer

About Gold X Mining Corp. Ltd.

Gold X Mining Corp. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated July 18, 2019 completed by SRK Consulting (U.S.), Inc.,) (the “PEA”) available on SEDAR (www.sedar.com) and on the Company’s website (www.goldxmining.com). Gold X also holds a 100% interest in the Chicharrón Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at www.goldxmining.com or by email at [e-mail].

Visit Gold X’s website at www.goldxmining.com.

Contact Gold X Mining Corp.

Richard A. Munson
Chief Executive Officer
Tel: [phone] or via email at [e-mail]

[NYBob]

Sandspring morphs into Gold X
Vancouver, Canada-based gold explorer Sandspring Resources has rebranded
itself as Gold X Mining.



Sandspring morphs into Gold X
Sandspring Resources has rebranded as Gold X Mining as it works to develop the Toroparu gold project in Guyana

https://www.mining-journal.com/feasibility/news/1376805/sandspring-morphs-into-gold-x

Exploration / Development > Feasibility29 November 2019CommentsShare
Staff Reporter
The junior is focused on developing the 7.4 million ounce Toroparu project in Guyana, and also owns the earlier-stage Chicharron project in Colombia.

As well as the name change the company is undertaking a share consolidation, reducing its shares on issue on an 8:1 basis to about 35.2 million.

The consolidated shares are expected to start trading on the TSXV under the ticker ‘GLDX' on December 2.

The company also announced a reorganisation of its board following the resignations of David Constable and Harry Pokrandt. The board currently comprises Richard Munson, Greg Barnes, Gordon Keep, Bassam Moubarak, Suresh Beharry, David Laing, Federico Restrepo-Solano and Lombardo Paredes-Arena.

Sandspring in June published a rescoped preliminary economic assessment for Toroparu, which reduced the initial capex compared to its 2013 pre-feasibility study. The re-scope includes the Sona Hill satellite deposit which provides a simpler start-up as all gold for the initial 10 years of production will be produced as doré, with flotation processing to be added as part of a year-11 expansion.


Sandspring currently has about 279 million shares outstanding, trading at C25.5c. The company has a market capitalisation of $71 million.

[NYBob]

Sandspring Resources Ltd. (TSX-V: SSP) (OTCQX: SSPXF) | SNN Network
Nov 4, 2019

SNN Network
2.79K subscribers
SNNLive spoke with Rich Munson, CEO and Director of Sandspring Resources Ltd. (TSX-V: SSP) (OTCQX: SSPXF), at the Precious Metals Summit 2019 in Beaver Creek, CO.

For more information about Sandspring Resources Ltd., please visit: http://www.sandspringresources.com/


https://www.youtube.com/watch?v=htasQVzv8fw

God Bless

[NYBob]

Sandspring Resources Receives Shareholder Approval for Gran Colombia Gold Corp. as a "Control Person"
V.SSP | 7 hours ago
DENVER and VANCOUVER, British Columbia, Nov. 06, 2019 (GLOBE NEWSWIRE) -

- Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (“Sandspring”
or the “Company”) announces that the Company has received shareholder
approval at its annual general meeting for Gran Colombia Gold Corp.
(“Gran Colombia”) as a “Control Person” of the Company.
Gran Colombia was issued 5,200,000 Subscription Receipts (“Receipt”) as
part of its participation in the June 12, 2019 placement.
The Receipts automatically converted upon the Company receiving
shareholder approval.
Each “Receipt” is convertible into one common share and one share
purchase warrant entitling them to purchase one additional share at
C$0.165 until June 12, 2024.
Upon conversion, Gran Colombia now owns 58,500,000 common shares and
37,000,000 share purchase warrants of the Company.

Early Warning

Mr. Paes-Braga did not dispose of any securities of the Company, however as a result of the Gran Colombia conversion, Mr. Paes-Braga is no longer deemed a 10% holder and will not be required to complete any further regulatory filings. Mr. Paes-Braga holds 16,557,500 common shares, 12,369,000 warrants, and 400,000 options of the Company, representing 5.89% of the current issued and outstanding common shares of the Company and would own 29,326,500 common shares of the Company representing 9.98% on a partially diluted basis.

A copy of the early warning report filed by Brian Paes-Braga is available under the Company’s profile on SEDAR (www.sedar.com).

On behalf of the Board of Directors of Sandspring Resources Ltd.

“Richard A. Munson”
Director and Chief Executive Officer

About Sandspring Resources Ltd.

Sandspring Resources Ltd. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated July 18, 2019 completed by SRK Consulting (U.S.), Inc.,) (the “PEA”) available on SEDAR (www.sedar.com) and on the Company’s website (www.sandspringresources.com). Sandspring also holds a 100% interest in the Chicharrón Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at www.sandspringresources.com or by email at [e-mail].

Visit Sandspring’s website at www.sandspringresources.com.

Contact Sandspring Resources Ltd.

Richard A. Munson
Chief Executive Officer
Tel: [phone] or via email at [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This press release includes certain forward-looking statements concerning future performance and operations of the Company, including the expected positive results from the Toroparu Project based on the estimates and findings contained in the PEA, as cited herein, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management at the time such statements are made. All forward-looking statements and information are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, changes in project parameters as plans continue to be refined, uncertainties of project cost overruns or unanticipated costs and expenses, uncertainties inherent in conducting operations in a foreign country, uncertainties related to the availability and costs of financing needed in the future, the risk that the conclusion of pre-production studies may not be accurate, the Company's successful advancement of the Toroparu Project toward feasibility and obtaining positive results from ongoing evaluation and testing of multiple gold targets located in the Company's landholdings in Guyana and Colombia, among other risks as described in our public filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Sandspring Resources Ltd. has an ongoing obligation to disclose material information, as it becomes available.

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November 6, 2019 - 2:00 PM PST
Tags: INDUSTRIAL METALS & MINERALS

Read more at https://stockhouse.com/news/press-releases/2019/11/06/sandspring-resources-receives-shareholder-approval-for-gran-colombia-gold-corp#lDqrkfGJzQLEAS8A.99

[NYBob]

Gran Colombia Gold Interest in Sandspring Resources Changes
Grand Columbia Gold buying more....





https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149417599


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146761526


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150099930


Sandspring Resources Ex.... Dore bars produced at Torparu mine site -


http://www.sandspringresources.com/i/photos/toroparu-camp/photo6.jpg


http://www.sandspringresources.com/s/gallery.asp


http://www.sandspringresources.com/


In GOD We Trust -
















http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[NYBob]

Gran Colombia Gold Interest in Sandspring Resources Changes to Approximately 19.45%
T.GCM, V.SSP | 2 days ago
TORONTO, Aug. 27, 2019 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today that its equity position in

Sandspring Resources Ltd. (”Sandspring”) (TSX-V: SSP, OTCQX: SSPXF) has changed to 19.45% through a non-brokered private placement (the “Private Placement”) completed today by Sandspring. Sandspring intends to use the proceeds of the Private Placement to commence work on the feasibility study for its Toroparu Gold Project, for additional step out and exploration drilling at its Chicharron Project and for general working capital.

Sandspring’s Private Placement comprised a total of 37,500,000 units (each, a “Unit”) at a price C$0.20 per Unit, for gross proceeds of C$7.5 million. Each Unit issued in the Private Placement consists of one common share and one share purchase warrant entitling the holder to purchase one additional share at C$0.35 for a period of sixty (60) months. The placement was fully subscribed and included an investment from the Company in the amount of C$1.0 million.

Through completion of the Private Placement, the Company has increased its holdings in Sandspring to an aggregate of 53,300,000 common shares, 31,800,000 share purchase warrants and 5,200,000 subscription receipts. The common shares controlled by the Company represent approximately 19.45% of the outstanding common shares of Sandspring. Assuming conversion of the subscription receipts and exercise of warrants, the Company, when combined with its existing ownership, would have control and direction over 95,500,000 common shares representing approximately 30.20% of the then outstanding common shares of Sandspring on a partially diluted basis. The Company can potentially become a “control person” of Sandspring assuming conversion of its subscription receipts or the exercise of share purchase warrants and have undertaken not to exercise warrants if such conversion would result in them becoming a control person of Sandspring, unless and until shareholder approval (excluding the Company’s votes) has been received. Sandspring intends to seek shareholder approval for the creation of the Company as a “control person” at its annual general meeting to be held later in the year.

The additional shares and warrants were acquired for investment purposes and the Company has no present intention to dispose of or acquire further securities of Sandspring, although the Company may in the future acquire or dispose of securities of Sandspring, through the market, privately or otherwise, as circumstances or market conditions warrant.

Copies of the early warning report filed by Gran Colombia will be available under Sandspring’s profile on SEDAR (www.sedar.com) or by contacting Gran Colombia directly at the address below.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its Segovia and Marmato Operations. Gran Colombia is continuing to focus on exploration, expansion and modernization activities at its high-grade Segovia Operations.

Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gran Colombia to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 27, 2019 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Gran Colombia disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact:
Mike Davies
Chief Financial Officer
[phone]

[joshua692c]

buying 400k shares at open just locked in made great up trends since i got in at yesterday low $$$SSPXF$$$

[Mike245]

Oppps wrong stock sorry everyone my fault

[Pennyes]

What made you this call? quite intresting?
Quote
"get ready people two week from now it’s a go"

I am in, just took a initial position!!

[Mike245]

This bad stock is getting ready to do a run that’s what I’m talking about about time get ready people two week from now it’s a go

[Mike245]

This bad stock is getting ready to do a run that’s what I’m talking about about time

[Mike245]

This bad stock is getting ready to do a run that’s what I’m talking about about time

[Mike245]

No new news about this company

[NYBob]

Grand Columbia Gold buying more....


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149417599


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146761526


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150099930


Sandspring Resources Ex.... Dore bars produced at Torparu mine site -


http://www.sandspringresources.com/i/photos/toroparu-camp/photo6.jpg


http://www.sandspringresources.com/s/gallery.asp


http://www.sandspringresources.com/

God Bless

[NYBob]

Sandspring Announces Filing of Preliminary Economic Assessment Report for Toroparu Project
V.SSP | 16 hours ago
DENVER and VANCOUVER, British Columbia, July 23, 2019 (GLOBE NEWSWIRE) --

Sandspring Resources Ltd. (TSX Venture: SSP, OTCQX: SSPXF) (“Sandspring”, or the “Company”) is pleased to announce its filing of the Preliminary Economic Assessment Report (the “PEA” or “PEA Report”) for its Toroparu Gold Project in the Mazaruni-Cuyuni District of Guyana (the "Toroparu Project" or “Project”). The PEA Report was prepared in accordance with National Instrument NI43-101 by SRK Consulting (US) Inc. ("SRK") and has been filed on SEDAR and the Company’s website.

The results of the PEA were announced by the Company in its press release (the “June 4 Press Release”) dated June 4, 20191. SRK concludes in the PEA Report that “Given the positive results of the PEA, SRK recommends that the Toroparu Project be advanced to a feasibility study. Given the previous studies already conducted on the Project this could be completed within a 6 to 9-month duration.”

The Toroparu Project has been re-scoped to include the Sona Hill satellite deposit, modification of the Project’s processing strategy to start with gold-only production from a Carbon-in-Leach circuit (“CIL”) for the initial ten years, followed by an expansion of the Project in year 11 to add flotation processing capacity and the streaming agreement with Wheaton Precious Metals International.2
The PEA Report summarizes the results of the re-scoping at base case metal prices of US3 $1,300 gold (Au), $16.00 silver (Ag), $3.00 copper (Cu).

The PEA documentation of mining production quantities supercedes and replaces the 2013 Prefeasibility Study (the “2013 PFS”) Statement of Mineral Reserves4. The PEA is based on exploitation of measured, indicated and inferred mineral resources while the 2013 PFS is based on the exploitation of proven and probable mineral reserves. Inferred resources from the Mineral Resource Estimate identified in the Company’s September 26, 2018 press release5 comprise 5% of the resources used in the production schedule reported in the PEA.

Rich Munson, CEO, stated, “As we noted in the June 4 Press Release, the re-scoping study supports the significant changes to the profile of the Toroparu Project that have occurred since the 2013 PFS was issued. As recommended by SRK, we are now working on final feasibility.”

About Sandspring
Sandspring Resources Ltd. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America. Sandspring and Wheaton Precious Metals (formerly known as Silver Wheaton) entered into a precious metals purchase agreement for the Toroparu Project in November of 2013. Sandspring also holds a 100% interest in the Chicharrón Gold Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at
www.sandspringresources.com or by email at [e-mail].

Visit Sandspring’s website at
http://www.sandspringresources.com

FOR FURTHER INFORMATION, PLEASE CONTACT:
Richard A. Munson
Sandspring Resources Ltd.
[phone]
[e-mail]

Additional information on Sandspring can be viewed on SEDAR under the Company's profile at www.sedar.com or on Sandspring's website at http://www.sandspringresources.com

This press release includes certain forward-looking statements concerning future performance and operations of the Company, including the expected positive results from the Toroparu Project based on the estimates and findings contained in the PEA, as summarized herein, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management at the time such statements are made. All forward-looking statements and information are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, changes in project parameters as plans continue to be refined, uncertainties of project cost overruns or unanticipated costs and expenses, uncertainties inherent in conducting operations in a foreign country, uncertainties related to the availability and costs of financing needed in the future, the risk that the conclusion of pre-production studies may not be accurate, the Company's successful advancement of the Toroparu Project toward feasibility and obtaining positive results from ongoing evaluation and testing of multiple gold targets located elsewhere in the Company's landholdings, among other risks as described in our public filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Sandspring Resources Ltd. has an ongoing obligation to disclose material information, as it becomes available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

__________________________
1 The Company issued a press release on June 4, 2019, which can be found at
www.sandspringresources.com and www.sedar.com.

2 The Company and Wheaton Precious Metals International Ltd. (“Wheaton”) entered into an Agreement (the (“Wheaton PMPA”) in 2013 which was amended in 2015. The Wheaton PMPA is available on http://www.sedar.com and
http://www.sandspringresources.com

3 All references to $ or dollars means United States Dollars.

4 A prefeasibility study was completed in May 2013 (NI 43-101 Technical Report, Prefeasibility Study, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated May 24, 2013 by SRK Consulting (U.S.), Inc., and is available on SEDAR (www.sedar.com)).

5 The Company press released an updated Mineral Resource Estimate on September 26, 2018. The press release can be found at http://www.sandspringresources.com and www.sedar.com.

image: https://www.globenewswire.com/newsroom/ti?nf=NzY4MjEwOCMzMDQyNjE0IzIwOTIxNjE=


image: https://ml.globenewswire.com/media/9a1892c3-7778-446d-9b8d-e13330297513/small/sandpsring-logo-png.png

Primary Logo

GlobeNewswire
July 23, 2019 - 6:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS

Read more at https://stockhouse.com/news/press-releases/2019/07/23/sandspring-announces-filing-of-preliminary-economic-assessment-report-for#Jv1dmb0Zw9yPvfoD.99

[NYBob]

Rich Munson: Some Biggest Resource Opportunities HIDDEN In South America Gold Breakout
BC SI
Published on May 4, 2019

https://www.youtube.com/watch?v=G7pdFhIJuVI

God Bless

[shermann7]

That is certainly great news - I have heard the CEO a few times, and he is one smart cookie!!!!

Shermann

[Edge83]

Grand Columbia Gold buying more.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146761526

[shermann7]

I doubled up today - This is way too low!!!

Shermann

[Edge83]

I like Sandspring a lot too. Started adding last week and will keep building a position over the next month or two on any dips. 10 million ounces of gold!

[shermann7]

SSPXF is a special company - I bought in this AM after watching for awhile ...

GLTA - Shermann

[Heretic001]

I think that this is coming back. Results seem positive on their projects.

[conix]

Their road show for investors gave the stock some momentary strength but, in the end, you just have to have significant news to keep investor's interest up.

Frank Giustra cannot be happy with his investment.

[Bitfury]

Sandspring (SSP) running nicely today:

Sandspring Resources Ltd. (CA:SSP)
Last 0.80
Change +0.05 | +6.67%
Bid (size) 0.80 (46,500)
Ask (size) 0.81 (30,000)
Volume 247,869
Open 0.75
High 0.81
Low 0.75

[Chelski]

Toroparu contains 10 million ounces near surface mineralization in Gyuana . Is the fourth largest gold deposit in South America held by a junior . Massive potential here .
Backers include Silver Weathon .

[stocktrademan]

SSPXF bullish 0.54

[Bitfury]

Momentum play...pay attention!

[Bitfury]

Attention!

[Antichristliveshere]

Sandspring Resources Closes C$6.5 Million Private Placement
05/06/2016 02:29 PM ET

[Antichristliveshere]

Interesting Stock Here: