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Caldas Gold Satisfies Escrow Release Conditions in Connection With Offering of Subscription Receipts
TORONTO, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Caldas Gold Corp. (TSX-V: CGC) (OTCQX: ALLXF) is pleased to announce that it has satisfied the escrow release conditi
About this update from Aris Mining Corp
[{"type":"text","content":" TORONTO, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Caldas Gold Corp. (TSX-V: CGC) (OTCQX: ALLXF) is pleased to announce that it has satisfied the escrow release conditions in respect of its US$83,066,000 private placement offering of 83,066 subscription receipts (“Subscription Receipts”) completed on August 26, 2020 (the “Offering”). Among other escrow release conditions, the Company filed and obtained a receipt (the “Receipt”) for a final short form prospectus (the “Prospectus”) in each of the provinces of Canada, except Québec, qualifying for distribution 83,066 units of the Company (the “Units”), with each Unit comprising senior secured gold-linked notes in an aggregate principal amount of US$1,000 (the “Notes”) and 200 common share purchase warrants (the “Warrants”). The Notes and Warrants are issuable for no additional consideration upon the conversion of the Subscription Receipts, with the Units separating into Notes and Warrants immediately upon issue. The Offering was conducted by a syndicate of agents co-led by Scotiabank and Canaccord Genuity Corp. As a result of satisfying the escrow release conditions, the Subscription Receipts shall be converted, and the Notes and Warrants underlying the Subscription Receipts will be issued, effective at 5:00 p.m. (Toronto time) on Wednesday, November 18, 2020. A copy of the Prospectus, including the documents incorporated by reference therein, is available under the Company’s SEDAR profile at www.sedar.com. About Caldas Gold Caldas Gold is a Canadian junior mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Project in the Department of Caldas, Colombia. Caldas Gold also owns 100% of the Juby Project, an advanced exploration-stage gold project located within the Shining Tree area in the southern part of the Abitibi greenstone belt about 100 km south-southeast of the Timmins gold camp. Additional information on Caldas Gold can be found on its website at www.caldasgold.ca and by reviewing its profile on SEDAR at www.sedar.com. Forward-Looking Information This press release contains forward-looking statements and information within the meaning of applicable securities legislation (collectively referred to herein as “forward-looking statements”). Forward-looking statements, which are all statements other than statements of...