SNN Network 2.79K subscribers SNNLive spoke with Rich Munson, CEO and Director of Sandspring Resources Ltd. (TSX-V: SSP) (OTCQX: SSPXF), at the Precious Metals Summit 2019 in Beaver Creek, CO.
Exploration / Development > Feasibility29 November 2019CommentsShare Staff Reporter The junior is focused on developing the 7.4 million ounce Toroparu project in Guyana, and also owns the earlier-stage Chicharron project in Colombia.
As well as the name change the company is undertaking a share consolidation, reducing its shares on issue on an 8:1 basis to about 35.2 million.
The consolidated shares are expected to start trading on the TSXV under the ticker ‘GLDX' on December 2.
The company also announced a reorganisation of its board following the resignations of David Constable and Harry Pokrandt. The board currently comprises Richard Munson, Greg Barnes, Gordon Keep, Bassam Moubarak, Suresh Beharry, David Laing, Federico Restrepo-Solano and Lombardo Paredes-Arena.
Sandspring in June published a rescoped preliminary economic assessment for Toroparu, which reduced the initial capex compared to its 2013 pre-feasibility study. The re-scope includes the Sona Hill satellite deposit which provides a simpler start-up as all gold for the initial 10 years of production will be produced as doré, with flotation processing to be added as part of a year-11 expansion.
Sandspring currently has about 279 million shares outstanding, trading at C25.5c. The company has a market capitalisation of $71 million.
$Gran Colombia Announces Voting Results of the Annual General and Special Meeting of Shareholders Held Today; Shareholders Approve Gold X Acquisition May 27, 2021 TORONTO, May 27, 2021 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp.’s (TSX: GCM, OTCQX: TPRFF) Annual General and Special Meeting of Shareholders was held today. The detailed results of the votes for each matter to be acted upon are set out below:
Gran Colombia is also pleased to announce that, earlier today, the shareholders of both the Company and Gold X approved the proposed Arrangement under which the Company will acquire all of the issued and outstanding common shares of Gold X not already owned by the Company in exchange for Gran Colombia common shares on the basis of 0.6948 of a Gran Colombia share for each Gold X share.
Gold X expects to apply for a final order of the Supreme Court of British Columbia approving the Arrangement on or about June 1, 2021 (the “Final Order”). Subject to receipt of the Final Order, as well as the satisfaction or waiver of other customary closing conditions, Gold X and the Company expect that the Arrangement will become effective at 12:01 a.m. on June 4, 2021.
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 high- grade Segovia Operations.
Gran Colombia’s portfolio includes equity positions in several listed companies advancing gold and silver projects including a 44.3% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato; Canada – Juby), a 17.8% equity interest in Gold X Mining Corp. (TSX-V: GLDX) (Guyana – Toroparu), a 27.3% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero; Colombia – Guia Antigua and Zancudo) and a 25.8% equity interest in Western Atlas Resources Inc. (TSX-V: WA) b(Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at