Gran Colombia closes US$80 million financing of senior unsecured silver-linked notes Gran Colombia Gold (TSE:GCM) Intraday Stock Chart Heute : Friday 12 August 2011 Gran Colombia Gold Corp. (TSX: GCM) announced today that it has closed its previously announced offering of
US$80,000,000 aggregate principal amount of senior unsecured
silver-linked notes at a price of US$1,000 principal amount per Note.
The Offering was completed by a syndicate of agents, led by GMP
Securities L.P. and included RBC Dominion Securities Inc., Fraser
Mackenzie Limited, Raymond James Ltd. and TD Securities Inc. The Notes
are listed for trading on the Toronto Stock Exchangeunder the symbol
"GCM.NT.U".
The net proceeds of the Offering will be used by the Company for the
development of the Marmato Project, Colombia-based social programs
related to the Marmato Project, the relocation of the Town of Marmato
and for general corporate purposes including improvements at its
operating properties.
About Gran Colombia Gold Corp.:
Gran Colombia is a Canadian-based gold and silver exploration,
development and production company with its primary focus in Colombia.
Gran Colombia is currently the largest underground gold and silver
producer in Colombia with six underground mines in operation. In
addition, Gran Colombia is also developing a large-scale, open-pit gold
and silver mine at Marmato. The Company also has a highly-prospective
land position in Colombia as well as an advanced stage property in
Venezuela and earlier stage properties in Mali.
Cautionary Statement on Forward-looking Information
This news release contains "forward-looking information", which may
include, but is not limited to, statements with respect to the future
financial or operating performance of the Company, its projects and the
proposed use of proceeds from the Offering. Often, but not always,
forward-looking statements can be identified by the use of words such
as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or believes" or
variations (including negative variations) of such words and phrases,
or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Gran Colombia to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Forward-looking statements
contained herein are made as of the date of this press release and Gran
Colombia disclaim, other than as required by law, any obligation to
update any forward-looking statements whether as a result of new
information, results, future events, circumstances, or if management's
estimates or opinions should change, or otherwise. There can be no
assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader is cautioned
not to place undue reliance on forward-looking statements.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/11/c3080.html
p bGran Colombia Gold Corp./b /p p align="left" Belinda Labattebr/ Investor Relationsbr
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