Aris Mining Corp (ARMN)

[geodan]

The terms again

GRAN COLOMBIA ANNOUNCES TERMS FOR ITS PROPOSED US$152 MILLION DEBT FINANCING

* GRAN COLOMBIA - ?TERMS FOR PROPOSED FINANCING INCLUDE EACH UNIT TO CONSIST OF US$1,000 PRINCIPAL AMOUNT OF SENIOR SECURED GOLD-LINKED NOTES

* GRAN COLOMBIA - ?TERMS FOR PROPOSED FINANCING INCLUDE EACH UNIT TO ALSO CONSIST OF 124 COMMON SHARE PURCHASE WARRANTS OF CO?

* GRAN COLOMBIA - ? PROCEEDS TO BE USED FOR REDEMPTION IN FULL, AT PAR, OF CERATIN OUTSTANDING DEBENTURES

* GRAN COLOMBIA - ?NOTES WILL HAVE AN EIGHT-YEAR TERM AND ARE NON-CALLABLE FOR FIRST 3 YRS

So $1,000 elimits 80-90% of possible dilution as only 124 warrants, and they get paid for those warrants. Indeed as I read it superbly better.