Monday, October 01, 2018 3:27:21 PM
Receives Conditional Approval for Listing of the 8.25% Senior Secured
Gold-Linked Notes Due 2024 on the Toronto Stock Exchange
October 01, 2018
TORONTO, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) made announcements today related to the trading
of its common shares in the United States and the conditional approval
received from the Toronto Stock Exchange (“TSX”) for the listing of its
8.25% Senior Secured Gold-Linked Notes due 2024 (the “Gold Notes”).
Common Shares Begin Trading Today on the OTCQX in the United States
Gran Colombia announced that its common shares will commence trading
today on the OTCQX® Best Market in the United States under the symbol
“TPRFF”.
Gran Colombia’s common shares will continue to trade on the Toronto
Stock Exchange under the symbol “GCM”.
Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented,
“The OTCQX platform will provide our growing shareholder base with
increased visibility and transparency by facilitating trading of our
common shares in the United States.
While our primary listing is on the TSX in Canada, we appreciate that
some investors prefer to trade in U.S. dollars on the OTCQX market.”
U.S. investors can find current financial disclosure and Real-Time Level
2 quotes for the Company on
http://www.otcmarkets.com
Gold Notes to be Listed on the TSX
Gran Colombia also announced today that it has received conditional
approval from the TSX for the listing of its Gold Notes, subject to
making a procedural amendment to the Trust Indenture dated as of
April 30, 2018, as amended by the Supplemental Indenture dated as of
May 30, 2018, (collectively, the
“Notes Indenture”) for the Gold Notes, and providing certain customary
documents related to the Gold Notes.
The amendment to the Note Indenture is being made at the request of the
TSX and comprises the inclusion of a record date for the quarterly
amortizing payments, being the close of business on the fifth business
day prior to the day on which each quarterly amortizing payment is
made.
Pursuant to Section 11.3 of the Notes Indenture, Gran Colombia and the
trustee are authorized to amend or supplement the Notes Indenture to
modify the procedural provisions related to the quarterly amortizing
payments in order to comply with the requirements of the TSX.
The Gold Notes will be listed under the symbol “GCM.NT.U” and
the listing is anticipated to become effective in early October 2018.
The Company will announce the initial trading date once it is confirmed
by the TSX.
The aggregate principal amount of Gold Notes issued and outstanding as
of today is US$93,125,000.
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
http://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....the reader is cautioned
not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
Gran Colombia Gold logo.jpg
Source: Gran Colombia Gold
God Bless
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