Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
16 page PowerPoint investor presentation...Claims August Launch
http://www.blocpal.com/wp-content/uploads/2018/07/BlocPal-Deck.-SAFT.-July-11.2018.pdf
And I thought I was getting a bargain at $2.34, I could have saved $2k by waiting another week. Oh well, I guess another thousand shares won't matter much in the long run but I hate to see these corrections especially when there has been so much progress.
Gran Colombia Gold Identifies a new Structure at Its El Silencio Mine; Announces Additional High-grade Results from the Ongoing Infill Drilling and Underground Channel Sampling Programs at Its Segovia Operations
"
TORONTO, June 18, 2018 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM) announced today that its 2018 exploration program at its Segovia Operations has identified a new structure at the El Silencio mine, interpreted as a splay off the Manto Vein and termed the 1320 Vein. The Company also provided an update of the assay results from the surface and underground diamond infill drilling program at the Providencia, El Silencio and Sandra K mines. To-date, the Company has completed 64 holes, totaling approximately 7,000 meters, of its planned 20,000 meters to be drilled in 2018. Multiple high-grade results from the ongoing underground sampling program in the deepest levels of the El Silencio mine were also announced today.
"
"Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented: "The drilling and sampling results announced today continue to affirm our belief in the blue sky potential of our high-grade Segovia Operations to add to our existing mineral reserves and resources. The delineation of a new structure at El Silencio is also very encouraging and we will be following up on this discovery with some further drilling on the 1320 Vein to incorporate it into our future development and production plan."
A total of four drill rigs are currently operating at Segovia with three rigs carrying out resource definition within the underground developments of the Providencia and El Silencio mines and one drill rig operating from surface at Sandra K targeting peripheral extensions to the known vein system.
?In-fill drilling at Providencia was mainly aimed to further delineate one of the main high-grade orebodies on which sparse previous surface drilling had intersected high gold grades. Multiple high gold grades were intersected in 11 drill holes (764 metres) drilled from underground in the ongoing drilling program on the main vein system with maximum grades of 712.48 g/t Au and 821.4 g/t Ag over 0.77 metres. In-fill drilling was also aimed to test the Providencia vein system at the eastern end of the mine, close to the northeast trending shear zone that delimits the mine workings. Only two high-grade intercepts were generated from 19 drill holes (1,571 metres) on the main vein system with maximum grades of 540.03 g/t Au and 383.8 g/t Ag over 0.28 metres.
?In-fill drilling at El Silencio was aimed to test the down-plunge extension of the main ore-shoot located at the northern end of the mine. Multiple high gold grades were generated from 17 drill holes (1,116 metres) drilled from underground in the ongoing drilling program on the main vein system with maximum grades of 18.93 g/t Au and 88.3 g/t Ag over 0.85 metres. A secondary ore-shoot to the south of the main one was also tested and returned two high-grade intercepts with maximum grades of 25.45 g/t Au and 19.1 g/t Ag over 0.31 metres.
?In-fill drilling at Sandra K was aimed to delineate and extend two ore-shoots outlined by surface drilling carried out in early 2017. Multiple high gold grades were generated from 17 drill holes (3,600 metres) drilled from surface in the ongoing drilling program on the main vein system with maximum grades of 20.98 g/t Au and 65.7 g/t Ag over 1.50 metres.
?Underground channel samples were taken from vein exposures within the underground developments at the bottom of the El Silencio mine. A total of 424 channels were sampled, of which 168 channels were collected on the down-plunge extension of the north ore-shoot and 256 channels were collected on the down-plunge extension of the south ore-shoot. The average grade of the 168 channels of the north ore-shoot was 32.46 g/t Au and 42.3 g/t Ag over 1.34 m, with sample grades ranging from trace up to 311.44 g/t Au and up to 152.7 g/t Ag. Of these, 104 channels, or 62% of the total, averaged over 10.0 g/t Au, and 55 channels, representing 33% of the total samples, averaged greater than 30.0 g/t Au. The average grade of the 256 channels from the south ore-shoot was 43.71 g/t Au and 31.2 g/t Ag over 1.52 m, with sample grades ranging from trace up to 330.13 g/t Au and up to 297.5 g/t Ag, with 187 channels, representing 73% of the total, averaging over 10.0 g/t Au, and 108 channels, representing 42% of the total samples, averaging greater than 30.0 g/t Au.
"
Annual General Meeting Presentation
Gran Colombia's trailing 12-month Gold Production Tops 192,000_oz at end of May
TORONTO, June 11, 2018 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM) announced today that it produced a total of 18,675 ounces of gold in May bringing the total for the first five months of 2018 to 87,465 ounces, up 27% compared to the first five months of 2017. This brings the Company’s trailing 12-months’ total gold production to 192,461 ounces, up 11% from 2017’s annual production of 173,821 ounces and near the top end of the Company’s production guidance for 2018 of between 182,000 and 193,000 ounces.
Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented, “Continuing focus on our high-grade Segovia Operations is driving our production growth as expected and we are pleased to see that we are trending toward a total of 200,000 ounces of gold for 2018.”
At the Segovia Operations, gold production in May amounted to 16,654 ounces, bringing the total for the first five months of 2018 to 77,456 ounces, up 32% compared to the first five months of 2017. This brings the Company’s trailing 12-months’ total gold production from Segovia to 167,362 ounces, up 13% from 2017 fuelled by continuing growth in the Company’s mines which represented 95% of the trailing 12-months’ production. The Company has processed an average of 960 tonnes per day (“tpd”) in the first five months of 2018 with an overall average head grade of 16.7 g/t, continuing to benefit from high-grade production from its Providencia mine. The Segovia Operations’ annual gold production is trending toward 175,000 ounces for 2018, above the top end of its 2018 production guidance of 167,000 ounces.
The Company’s Marmato mine remained steady, producing 2,021 ounces of gold in May, bringing the total for the first five months of 2018 to 10,009 ounces compared with 10,072 ounces in the first five months of 2017. This brings the trailing 12-months’ total gold production at the end of May to 25,099 ounces, on par with 2017’s annual production and within the Company’s guidance range for 2018 of between 24,000 and 26,000 ounces.
The Company also confirmed today that it deposited 1,294 ounces of gold from May’s production, as required under the new 2024 gold-linked notes, into a gold trust account. The Company has established the gold trust account with a Canadian-based financial institution rather than Banque Pictet & Cie SA as originally contemplated in the Trust Indenture dated as of April 30, 2018.
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Golds-Trailing-12-Months-Gold-Production-Tops-192000-Ounces-at-the-End-of-May-2018/default.aspx
The price manipulation going on here would be hilarious if I didn't have a vested interest in the stock. Do you have any opinions on how SGGV will react when they finally get current and complete the BLOCPAL launch?
I believe (hope) yesterday's action was just a preview of things to come with BLOCPAL platform launch in 30 days.
$30k still on bit @ .10
I'm loving this!!!
Mike, there's 571k on bid now at $0.097, I'd like to know what's going on.
Someone is spending $75k today, that's some serious buying
New GCM commercial to air by by Business News Network on June 9th-10th titled "Gold Production Success In Colombia"
I think this link is just a preview.
http://www.b-tv.com/gran-colombia-gold-commercial-30sec-2/
SGGV opened with a bit of a gap up from yesterdays close of $0.05 vs todays open of $0.075. It's the best action in months
I'm looking forward to the Quarterly's release after the close today and tomorrows 9:30 A.M. conference call and webcast.
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Gold-Announces-Details-for-Its-First-Quarter-2018-Webcast/default.aspx
"Gran Colombia Gold Announces Details for Its First Quarter 2018 Webcast
May 03, 2018
TORONTO, May 03, 2018 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM) announced today that it will release its financial results for the first quarter of 2018 after market close on Thursday, May 10, 2018 and will host a conference call and webcast on Friday May 11, 2018 at 9:30 a.m. Eastern Time to discuss the results."
Webcast and call-in details are as follows:
Live Event link: https://edge.media-server.com/m6/p/tck6woh8
International: 1 (514) 841-2157
North America Toll Free: 1 (866) 215-5508
Colombia Toll Free: 01 800 9 156 924
Conference ID: 46778182
A replay of the webcast will be available at www.grancolombiagold.com from Friday, May 11, 2018 until Monday, June 11, 2018.
Found this link to a Frank Holmes interview on Stockhous3, Frank's still gung ho for GCM.
https://www.oilandgas360.com/supercycle-may-be-setting-up-for-higher-commodity-demand/
"On individual names, I would say to go for a speculative turnaround where something has to happen with it, like Gran Colombia Gold Corp. (GCM:TSX). This company has seen free cash flow. It restructured its balance sheet. And if you look at Gran Colombia's market cap:enterprise value, to companies producing 150,000 ounces of gold, I think this stock has the potential to quadruple. And I think that that's where I would tell investors to look. It has a strong board of directors with lots of mining credentials—Mark Wellings, Mark Ashcroft. These are people whose families have been in the mining business. They're engineers. They've worked in investment banking. So it really helps in the stewardship of that company going through a restructure and turnaround. I think that that's one."
Looking good this AM, 81k on bid and above current share price, only 13k on ask. Something good is definitely happening.
Something must be up, highest sp in 6-mos
Definitely big news but with a typically lackluster reaction. I keep wondering when this thing will blast off. Thankfully the last 6 months has been a steady climb in share price.
I copy-pasted most of the text from the pr, missed the date but there's a link to the pr at the bottom of the page.
NEWS!!! Gran Colombia Gold Announces Closing of US$98 Million Debt Financing and Early Settlement of US$7.3 Million of 2018 Debentures
Gran Colombia Gold Corp. (the “Company” or “Gran Colombia”) (TSX:GCM) announced today that it has closed its previously announced proposed debt financing (the “Offering) of 97,992 units (the “Units” and each, a “Unit”) for aggregate gross proceeds of approximately US$98 million. The Offering was led by GMP Securities L.P. as sole lead agent and sole book-runner. Each Unit consists of US$1,000 principal amount of senior secured gold-linked notes (the “Notes”) and 124 common share purchase warrants (the “Warrants” and each, a “Warrant”) of the Company (12,151,008 Warrants in aggregate). Each Warrant has an exercise price of CA$2.21 and entitles the holder thereof to purchase one common share in the capital of the Company (a “Common Share”) at any time prior to the maturity of the Notes. The Notes and Warrants comprising each Unit will not separate until 45 days following the closing of the Offering. The Notes and the Warrants are also subject to a hold period equal to four months and a day following the closing of the Offering, and the Company will take commercially reasonable steps to obtain approval for the listing and trading of the Notes and the Warrants on the Toronto Stock Exchange by the end of the hold period.
As of the day hereof, there are US$48,022,940 and US$42,872,953 of Senior Secured Convertible Debentures due 2020 and 2024, respectively (collectively, the “Senior Debentures”), issued and outstanding. The Company announced today that it has provided notice (the “Redemption Notice”) to the trustee (the “Trustee”) of its Senior Debentures that, on May 14, 2018 (the “Redemption Date”), the Company will redeem all of the principal amount of its outstanding Senior Debentures at a redemption price equal to US$1 for each US$1 principal amount of Senior Debentures, plus accrued and unpaid interest up to (but excluding) the Redemption Date. A portion of the proceeds of the Offering is from the purchases of Units by certain holders of the Senior Debentures who elected to use the proceeds payable to them for the redemption of their Senior Debentures at the closing of the Offering to make such purchases of Units. On closing of the Offering, the Company deposited sufficient cash proceeds from the Offering with the Trustee to complete the redemption, assuming there are no further conversions of the Senior Debentures prior to the Redemption Date. In addition, the Company provided notice today to the Trustee that, as a result of the redemption contemplated by the Redemption Notice, holders of the issued and outstanding Senior Debentures will not be able to convert their Senior Debentures after 4:00 p.m. (Toronto time) on May 11, 2018.
Early Settlement of 2018 Debentures
The Company also announced today that it completed the early redemption of US$7,260,659 aggregate principal amount of its Senior Unsecured Convertible Debentures due August 2018 (the “2018 Debentures”) from holders who elected to exchange their 2018 Debentures at the closing of the Offering for a cash payment equal to 19% of the principal amount of their 2018 Debentures, representing a total payment of US$1,379,525 funded by cash held in the sinking fund for the 2018 Debentures, and the remaining 81% of the principal amount settled with Common Shares, representing the issuance of a total of approximately 3,015,966 Common Shares, based on the conversion price of US$1.95 per Common Share. As of the date hereof, there are US$34,399,642 aggregate principal amount of 2018 Debentures and 28,115,533 Common Shares issued and outstanding. Furthermore, the annual interest rate on the issued and outstanding 2018 Debentures will increase from 1% to 5%, effective April 30, 2018.
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Gold-Announces-Closing-of-US98-Million-Debt-Financing-and-Early-Settlement-of-US73-Million-of-2018-Debentures/default.aspx
News! Gran Colombia Adapts Previously Proposed Debt Financing
Gran Colombia Adapts Previously Proposed Debt Financing in Response to Investor Feedback With Focus on Refinancing Its Senior Secured Convertible Debentures Due 2020 and 2024 and Providing Option for Immediate Liquidity on 2018 Debentures
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, March 22, 2018 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (the “Company” or “Gran Colombia”) (TSX:GCM) announced today that, in response to feedback from current and potential new investors, it is adapting the previously announced proposed debt financing to focus solely on refinancing its Senior Secured Convertible Debentures due 2020 and 2024 (collectively, the “Senior Debentures”) through a private placement led solely by GMP Capital Inc. (“GMP”) of up to 95,000 units (the “Units”) of the Company for anticipated aggregate gross proceeds of up to US$95,000,000 (the “Revised Offering”). The Revised Offering is being made on a best efforts basis and is subject to market conditions, necessary approvals and consents, including TSX and shareholder approvals and consent from holders of the Senior Unsecured Convertible Debentures due August 2018 (the “2018 Debentures”) as described in further detail below, and there can be no assurance that it will be completed.
As of March 20, 2018, the aggregate principal amounts of the 2020 and 2024 Debentures issued and outstanding were US$48.0 million and US$43.4 million, respectively, and the Company had 23.6 million common shares (the “Common Shares”) issued and outstanding.
Serafino Iacono, Executive Co-Chairman of Gran Colombia commented, “We have been encouraged by the amount of interest received in the private placement process to-date. Investors have focused positively on the turnaround we have completed over the last two years and on the blue sky potential of our high-grade Segovia Operations, reiterating the need for Gran Colombia to maintain an aggressive exploration program to add reserves and resources for future development and exploitation. Investors have also noted our improved cash flow generation since the debt restructuring in early 2016 and the strides we have made since then to reduce the level of debt on our balance sheet. With maturity of the 2018 Debentures just five months away, current and potential new investors interested in participating in the previously proposed private placement have indicated a strong preference to keep a tighter level of debt on the Company’s balance sheet and not to extend the security for the senior debt to include a refinancing of the 2018 Debentures. As a result, the Revised Offering will focus solely on refinancing the Senior Debentures. Concurrently with the 2018 Debentures’ consent solicitation process, we are making an offer to the holders of the 2018 Debentures to allow them to convert their debt now into a combination of cash and shares rather than waiting until August. If we get the requisite consent being requested from the 2018 Debenture holders, those holders who elect not to convert their debt now will benefit from an increase in the annual interest rate from 1% to 5% from the closing of the Revised Offering to the maturity date of the 2018 Debentures. Under the Revised Offering, Gran Colombia will have improved liquidity with a lower debt/EBITDA ratio and improved free cash flow resulting from lower debt service costs compared with the previous debt financing proposal. Upon completion, the Revised Offering will maintain our objective of significantly reducing the potential dilution to shareholders compared with the current capital structure.”
The key terms of the Revised Offering include:
1. Each Unit will consist of US$1,000 principal amount of senior secured gold-linked notes (the “Notes”) and 124 Common Share purchase warrants (the “Warrants”) of the Company. Each Warrant will have an exercise price of CA$2.21 per warrant and will entitle the holder thereof to purchase one Common Share at any time prior to the maturity of the Notes. It is a condition to closing the Revised Offering that the Notes and the Warrants are conditionally approved for listing on the TSX.
2. The net proceeds of the Revised Offering will be used for the redemption in full, at par, of the Company’s Senior Debentures and for general corporate purposes.
3. The Notes will have a six-year term and are non-callable for the first three years.
4. The Notes will represent senior secured obligations of the Company, ranking pari passu with all present and future senior indebtedness and senior to all present and future subordinated indebtedness of the Company.
5. The Notes will bear interest at 8.25% per annum, paid monthly.
6. The Company will set aside an amount of physical gold each month in a trust account (the “Gold Trust Account”). On a quarterly basis, the physical gold in the Gold Trust Account will be sold and the sale proceeds will be used to amortize the principal amount of the Notes based on a guaranteed floor price of $1,250 per ounce. The scheduled annual number of physical gold ounces to be deposited into the Gold Trust Account will vary by year, representing approximately 10% of the projected annual gold production from the Company’s Segovia Operations and ranging from 15,000 ounces in the first year down to 10,000 ounces in the final year of the term of the Notes.
7. There is no mandatory redemption of the Notes prior to maturity, although the Company may be required to make an offer to repurchase the Notes if there is a change of control or following certain asset sale transactions.
8. The Notes will include standard high yield covenants consistent with transactions of this nature, including standard high yield optional redemption provisions.
9. Closing of the Revised Offering will take place following receipt of shareholders’ approval for issuance of the Warrants at a special meeting of the shareholders as discussed below and receipt of consent from the holders of the 2018 Debentures as discussed below.
Special Shareholders’ Meeting to Approve Issuance of the Warrants
In light of the Revised Offering and its anticipated impact on the potential fully diluted share capital of the Company, Gran Colombia announced today that it has postponed its upcoming special meeting of shareholders from March 26, 2018 to April 19, 2018 in order for the Company to distribute supplemental materials to shareholders.
Consent Solicitation from Holders of the 2018 Debentures to Permit the Revised Offering and Offer to Exchange 2018 Debentures for Cash and Common Shares on Closing of the Revised Offering
The Amended and Restated Indenture dated as of August 11, 2011 (as amended and restated as of January 20, 2016) related to the 2018 Debentures (the “2018 Indenture”) includes certain negative covenants that would preclude the Company from refinancing its Senior Debentures. Gran Colombia will seek consent from the holders of the 2018 Debentures to amend the 2018 Indenture to permit the Revised Offering. If Gran Colombia receives the requisite consent from holders representing at least 66 2/3% of the issued and outstanding number of 2018 Debentures, the Company will increase the annual interest rate on the 2018 Debentures from 1% to 5% from the closing of the Revised Offering to the maturity date of the 2018 Debentures.
In addition, Gran Colombia recognizes that certain holders of the 2018 Debentures may wish to convert their debt now rather than wait until such debentures’ maturity in August 2018. Concurrent with the consent solicitation, Gran Colombia will be offering holders of the 2018 Debentures the opportunity to exchange their debt at the closing of the Revised Offering for a cash payment equal to 19% of the principal amount of their debt and the remaining 81% of the principal amount will be settled with Common Shares based on the conversion price of US$1.95 per Common Share. Materials related to the process to obtain debenture holders’ consents and the Company’s offer to exchange the 2018 Debentures are expected to be distributed by the Company on or about March 30, 2018.
Consent Solicitation to Expedite Early Redemptions of the 2020 Debentures and the 2024 Debentures
Gran Colombia previously announced that it will be seeking consent from the holders of the Senior Debentures to remove the notice period for early redemption of the debt to allow it to expedite the early redemptions of the Senior Debentures following closing of the Revised Offering. Materials related to the process to obtain debenture holders’ consents are expected to be distributed by the Company on or about March 30, 2018.
Other Approvals
The completion of the Revised Offering is also subject to the receipt of all necessary regulatory and stock exchange approvals including the receipt of approval by the TSX. Terms outlined herein may be amended as required to receive such approvals.
About Gran Colombia Gold Corp.
Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato operations. Gran Colombia is continuing its exploration, expansion and modernization activities at its high-grade Segovia Operations.
Additional information on Gran Colombia can be found by reviewing its profile on SEDAR at www.sedar.com and on its website at www.grancolombiagold.com .
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Adapts-Previously-Proposed-Debt-Financing-in-Response-to-Investor-Feedback-With-Focus-on-Refinancing-Its-Senior-Secured-Convertible-Debentures-Due-2020-and-2024-and-Providing-Option-for-Immediate-Liquidity-on-2018-Debentures/default.aspx
NEWS! Gran Colombia calls Special Meeting of Shareholders
Meeting to be held March 26, 2018 http://www.grancolombiagold.com/news-and-investors/events-and-presentations/events-calendar/event-details/2018/2018-Special-Meeting-of-Shareholders/default.aspx
Notice of Meeting and Information Circular: http://s21.q4cdn.com/834539576/files/2018Special/GCM-180129-Information-Circular-(Gold-Notes)-FINAL.pdf
Form of Proxy: http://s21.q4cdn.com/834539576/files/2018Special/GCG_Proxy_FINAL.PDF
Voting Instruction Form: http://s21.q4cdn.com/834539576/files/2018Special/GCG_VIF_FINAL.pdf
NEWS!!! “Gran Colombia Announces Conditional TSX Approval for Its Previously Announced Financing and Deadline for Holders of Outstanding Debentures Interested in Participating in the Financing”
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (the “Company” or “Gran Colombia”) (TSX:GCM) announced today that it has received conditional approval from the Toronto Stock Exchange (“TSX”) for the listing of the common share purchase warrants (the “Warrants”) of the Company included in its best efforts private placement of up to 152,000 units (the “Units”) of the Company for anticipated aggregate gross proceeds of up to US$152,000,000 (the “Offering”). Each Unit will consist of US$1,000 principal amount of senior secured gold-linked notes (the “Notes”) and 124 Warrants. Each Warrant will have a revised exercise price of CA$2.21 per Warrant and will entitle the holder thereof to purchase one common share of the Company at any time prior to the maturity of the Notes. The TSX’s approval for the listing of the Warrants and issuance of up to an additional 18,848,000 additional common shares of the Company upon exercise of the Warrants is subject to several conditions, including closing of the Offering, receipt of shareholder approval at the March 26, 2018 special shareholders’ meeting and fulfilling all of the TSX listing requirements for the Warrants. Materials for the special shareholders’ meeting are expected to be distributed on or about March 5, 2018.
Serafino Iacono, Executive Co-Chairman of Gran Colombia commented, “Our operations are continuing to meet expectations in early 2018. In January, we produced a total of 16,700 ounces of gold with Segovia contributing 14,613 ounces and another 2,087 ounces coming from our Marmato Operations. We’ve had good response to our proposed Offering and in light of investor feedback in the current gold market, we have decided to remove the US$1,400 per ounce ceiling on the premium that investors will receive on the quarterly sale of the ounces in the gold trust account. This will provide investors with full upside participation in gold prices above the guaranteed floor price of US$1,250 per ounce, enhancing their potential return on investment.”
As previously announced, Gran Colombia intends to redeem, at par, its Senior Unsecured Convertible Debentures due 2018, Senior Secured Convertible Debentures due 2020 and Senior Secured Convertible Debentures due 2024 (the “Outstanding Debentures”) using the net proceeds from the Offering. Holders of the Outstanding Debentures that are eligible to participate in the Offering can elect to do so by directing some or all of the redemption proceeds for their Outstanding Debentures into Units on a dollar-for-dollar basis. Existing holders that are interested in participating in the Offering are requested to contact GMP Capital Inc. directly at GCMbondholders@gmpsecurities.com by no later than 4:00 p.m. (Toronto time) on February 28, 2018. Participation by any existing holder of Outstanding Debentures in the Offering will be subject to, among other conditions, confirmation that such holder meets all eligibility requirements of the Offering.
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Announces-Conditional-TSX-Approval-for-Its-Previously-Announced-Financing-and-Deadline-for-Holders-of-Outstanding-Debentures-Interested-in-Participating-in-the-Financing/default.aspx
I noticed the bid creeping up a little bit over the past few days.
I'm more than ready for this to move up, especially after last months pr only led to more selling. They have to be close to releasing updated financials?
NEWS!!! "Gran Colombia Announces Proposed Issuance of up to US$152 Million of Units to Improve Its Capital Structure and Reduce Potential Dilution of Common Shares
February 05, 2018
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, CANADA, Monday, February 5, 2018 – Gran Colombia Gold Corp. (the “Company” or “Gran Colombia”) (TSX: GCM) announced today that it has determined to offer for sale, on a best efforts private placement basis, up to 152,000 units (the “Units”) of the Company for anticipated aggregate gross proceeds of up to US$152,000,000 (the “Offering”). Each Unit is expected to consist of US$1,000 principal amount of senior secured gold-linked notes (the “Notes”) and a number of common share purchase warrants of the Company to be determined based on market conditions. The Company has retained GMP Capital Inc. (“GMP”) and UBS Securities LLC (“UBS” and collectively with GMP, the “Agents”) to act as agents in connection with the Offering.
The net proceeds of the Offering are expected to be used for (1) the redemption in full, at par, of the Company’s (a) Senior Unsecured Convertible Debentures due 2018, (b) Senior Secured Convertible Debentures due 2020 and (c) Senior Secured Convertible Debentures due 2024 (the securities referred to in (a), (b) and (c), collectively, the “Outstanding Debentures”) and (2) general corporate purposes.
The terms of the Offering are subject to finalization based on market conditions. Subject to the final terms of the Offering, the completion of the Offering may be subject to the receipt of regulatory and shareholders’ approvals. Timing for the closing of the Offering and any requisite shareholders’ meeting will be announced by the Company at a later date."
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/GRAN-COLOMBIA-ANNOUNCES-PROPOSED-ISSUANCE-OF-UP-TO-US152-MILLION-OF-UNITS-TO-IMPROVE-ITS-CAPITAL-STRUCTURE-AND-REDUCE-POTENTIAL-DILUTION-OF-COMMON-SHARES/default.aspx
Gold $150oz higher in January-2018 vs January-2017
Should have an extra 2.5 mil cash this month alone!!!
http://www.pmbull.com/gold-price/january-2017/
NEWS!!!
"Sterling Group Ventures Announces Corporate Update
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2018) - Mojo Games, a division of Sterling Group Ventures, Inc (OTCQB: SGGV) is pleased to provide the following corporate update.
In addition to the Company working on completing all necessary filings for the Exchange, the Company is working on several exciting projects.
The restructuring of Sterling and Mojo has taken more time than expected which has delayed the release of the Company's filings and audited financial statements. We are continuing to proceed forward on all necessary filings and expect to soon notify shareholders when completed.
In Q3 2017, the Company entered into license and services agreements with Factory Games to launch a poker mobile app for a social play money audience. This game is tailored to provide social players with quick bursts of exciting poker play. The game will monetize these players by selling packages of an in-game currency that help players progress to the next levels in the game. The game is scheduled to officially launch in Q2 this year. This project has generated over US$900,000 in revenue for the Company in 2017. Once launched, the game will generate further services and profit sharing revenue for the Company. As part of its License agreement with Factory, the Company has received a partial ownership position in Factory Games. Leveraging the experience and knowledge the Company is building in mobile games, the Company is currently investigating launching new casual/puzzle mobile games.
In Q4, 2017, the Company entered into licensing and services agreements with Blocpal International, to help BlocPal develop and launch a payment processing eWallet solution supporting transactions between Merchants and Consumers using cryptocurrencies and traditional fiat currencies. The solution leverages the Company's enterprise back-office which includes modules for account management, CRM, customer support/helpdesk, risk/fraud management, user rewards, affiliate management and payment processing. The initial revenue to the Company for licensing its software and providing services to Blocpal to launch the product is over US$1 Million with further profit sharing and services revenue following the launch. The launch of the first solution for BlocPal is scheduled for Q2 this year. As part of its License agreement with BlocPal, the Company has also received a partial ownership position in BlocPal.
The Company is preparing to launch its own Direct-to-Consumer online gaming sites with a new marketing partner allowing users to play games using fiat and/or crypto currencies. Related to the launch of the Company's cryptocurrency D2C gaming sites, the Company is releasing its own loyalty crypto coin blockchain solution. The Company's loyalty coin program will be marketed to all gaming sites as an opportunity to offer their players a more advanced loyalty program leveraging the benefits provided through blockchain and cryptocurrencies.
The India gaming network launched last year with Baadshah Gaming is slowly but steadily progressing. In Q1 this year, the Company is launching a significant update to its poker game software focusing on a rich user experience. With the updated software, the Company will work together with Baadshah to market and build the gaming network by adding both new B2B clients and players to the network.
About Mojo Games, a division of Sterling Group Ventures
Mojo Games provides a B2B multi-gaming platform with a full suite of social play money and real money gaming products, including online poker. Mojo offers B2B partners both API integrated and turnkey white label licensing options with advanced and customizable iGaming back-office features, player rewards and marketing, affiliate, and ecommerce solutions.
ON BEHALF of the BOARD
/s/ Nicolaos Mellios
Mr. Nicolaos Mellios
Chairman & CEO
For further information, please check the Company's SEC 8-K filing or contact:
Chris MacPherson, Director
Phone: (604) 564-0765
info@mojo.game
www.mojo.game"
It's a new year and they've had time to get their financials up to date.
I think they wouldn't be fooling around with the website if they weren't ready to release some information.
The increased production comes despite a 42-day civil disruption from mid-July thru September 1st which sharply curtailed production during the month of August.
It was good to see they were able to turn lemons into lemonade by using the civil disruption as an opportunity to hold talks with ancestral miners. They were able to increase the number of independent contract miners and small mining collectives working with the company to over 2500.
With the contract miners help, Gran Colombia was able to increase fourth quarter production by a whopping 26%.
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Announces-Resumption-of-Normal-Operations-at-Segovia/default.aspx
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Surpasses-2017-Annual-Gold-Production-Guidance-With-173821-Ounces-Up-16-Over-Previous-Year/default.aspx
NEWS!!!! Gran-Colombia produces 173,821 Ounces, 16% up over Previous Year!
"Gran Colombia Surpasses 2017 Annual Gold Production Guidance With 173,821 Ounces, Up 16% Over Previous Year
TORONTO, Jan. 15, 2018 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM) announced today that it produced a total of 51,699 ounces of gold in the fourth quarter of 2017, up 26% over the fourth quarter last year. This brings the total gold production for the year to 173,821 ounces, up 16% over 2016 and surpassing its guidance for the current year.
The Segovia Operations continued to be the key catalyst for growth in Gran Colombia’s gold production with 45,588 ounces of gold produced in the fourth quarter of 2017, up 31% over the fourth quarter last year. This brings the total for the Segovia Operations for 2017 to 148,659 ounces, up 18% over 2016 and above guidance for the current year. Company-operated mining areas, led by the continued high grade trend at the Providencia mine this year, produced 17,761 ounces of gold in the fourth quarter of 2017, up 78% over the fourth quarter last year, bringing the full year total to 50,248 ounces, up 67% over 2016. In the fourth quarter of 2017, the Company also benefitted from the additional material sourced from contract miners under new operating contracts entered into since August 2017 under which Gran Colombia is retaining between 10% and 60% of the spot price for each ounce of gold produced. Contract mining production totalled 27,827 ounces of gold in the fourth quarter of 2017, up 12% over the fourth quarter last year. For the full year, contract mining production increased 2% over 2016 to 98,411 ounces in 2017.
At the Marmato Operations, gold production in the fourth quarter of 2017 amounted to 6,111 ounces, comparable to the fourth quarter last year. This brings the full year total to 25,162 ounces, up 7% over its 2016 annual production and within its guidance range for the current year.
Gran Colombia expects to release its 2017 fourth quarter and annual financial results on or about March 27, 2018."
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Surpasses-2017-Annual-Gold-Production-Guidance-With-173821-Ounces-Up-16-Over-Previous-Year/default.aspx
The website has finally been updated. Something seems to be happening finally, I think we could see financials any time/???
Frank Holmes, CEO-U.S. Global Investors, loves Gran-Colombia
Says he "loves" Gran Colombia and says that they've turned the corner and they're undervalued compared to other 150,000 oz gold producers.
http://www.kitco.com/news/video/show/Outlook-2018/1805/2017-12-28/Silver--Gold-Summit--Outlook-Compilation
Hi Mike, Chris thought they were getting closer and I have to think they're still slogging through. I sent another email to Chris today.
I got these email exchanges from CFO Chris MacPherson back on October 10th:
agree, its more likely after the first. It's just wishful thinking on my part
either way I'll let you know if he replies
I just emailed Chris, lets hope he replies with good news.
It could be a very merry Christmas if we see financials this year.
GLTY
No one has defamed the Currah family more than the Currah family itself.
They're just plain despiciable.
I'm hoping to see new financials before Christmas?
News! Gran Colombia Gold Announces Intersection of 2.05m @ 461 g/t Au, Including 0.37m @ 2,329 g/t Au
"November 20, 2017
TORONTO, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM) announced results today from the ongoing underground infill drilling program at the Providencia Mine at its Segovia Operations. Infill drilling at Providencia is designed on 20 meter x 20 meter centers, and is aimed to further delineate one of the main high-grade orebodies, currently in production, on which limited previous surface drilling had intersected high gold grades. Hole PV-IU-083, which was drilled from the 5335 drill bay located along the ramp developed in the hanging-wall of the main vein system, returned an overall grade of 460.87 g/t Au and 163.5 g/t Ag over a core length of 2.05 meters, including an outstanding sample interval of 2,329.3 g/t Au and 791 g/t Ag over 0.37 meters."
Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented: “We are pleased to report that the latest assay results returned from the ongoing Providencia infill drilling program represent the highest drilling grades ever seen at Segovia, which further increases our confidence in the potential for adding new resources to the mine and to extending its mine life. Head grades in the Company-operated mining areas at Providencia have increased this year, contributing to the 12% year-over year production growth we recently reported in our nine months 2017 results. We are now two-thirds of the way through our 2017 drilling program at Segovia and encouraged by the continuing high-grades of our results.”
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Announces-Intersection-of-205m--461-gt-Au-Including-037m--2329-gt-Au-From-the-Providencia-Mine-as-High-Grade-Infill-Drilling-Results-Continue-Files-National-Instrument-43-101-Technical-Report-for-Its-Marmato-Project/default.aspx
Convicted stock manipulator "Currah_the Con" and his family of cronies, Keevil and Fuschino are manipulating the price using the stolen shares they awarded to themselves at legitimate shareholders expense.
New Corporate Presentation - Marmato Underground
Gran Colombia Gold Corporation has added a new presentation to its web site. For full details please visit the Gran Colombia Gold Corporation web site at:
http://s21.q4cdn.com/834539576/files/doc_presentations/Marmato-Deeps-Zone-CGS-Final.pdf
Bob, Gran Colombia presented at Precious Metals Summit on 9/16/17 Go to Precious Metals Summit and scroll down to Gran Colombia and launch the video presentation. http://bit.ly/2w2WObN
At about the 230.45 point of the presentation Mike Davies GCM CEO talks about the Zancudo project joint venture with IAMGold stating that drilling started in September.
GCM = strong buyout target
Gran Colombia Gold Corporation has added a new presentation to its web site. For full details please visit the Gran Colombia Gold Corporation web site at:
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
Looks like that was posted was Sunday so no volume for sure.
It's not on breakout boards now, not sure about Sunday