Aris Mining Corp (ARMN)

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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”
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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 [e-mail] 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