Gran Colombia Gold Corporation - (GCM)

[daniel3]

GCM - NEWS

Gran Colombia Gold Corp. (TSX: GCM) announced today that its Executive Co-Chairman, Serafino Iacono, has purchased an aggregate of 1,165,000 common shares of the Company (705,000 shares purchased on April 19, 2012 and 460,000 shares purchased on April 20, 2012) at an average price $0.427 per share, on the open market. As at today's date, Mr. Iacono holds 8,421,416 shares of the Company (representing 2.02% of the issued and outstanding shares).

Mr. Iacono commented, "My investment in Gran Colombia Gold reflects my commitment and confidence in the Company's strategy and our objective to expand the Maria Dama Mill at our Segovia Operations and develop the Marmato Project."