Business
Gran Colombia announces an overnight marketed offering
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNI...
About this update from Aris Mining Corp
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nTORONTO, Feb. 25, 2014 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) (the\n \"Company\" or \"Gran Colombia\") announced today that, in connection with\n the Company's previously announced equity offering (the \"Offering\")\n (see press releases dated November 19, 2013 and February 19, 2014), the\n Company will proceed with an overnight marketed offering of securities\n whereby GMP Securities L.P. (the \"Underwriter\") will act as the\n underwriter in respect of the Offering. An underwriting agreement for\n the Offering has not yet been entered into by the Company and the\n Underwriter. The Units will be priced in the context of the market,\n with final terms of the Offering to be determined at the time of\n pricing and the entering into an underwriting agreement.\n\n\nEach Unit will consist of one common share in the capital of the Company\n (each, a \"Common Share\") and one-half of one common share purchase\n warrant (each whole common share purchase warrant, a \"Warrant\"). Each\n Warrant will entitle the holder thereof to purchase one Common Share at\n a price to be determined in the context of the market. Warrants will\n expire five years following the closing of the Offering (the \"Closing\n Date\"). The Warrants will be subject to an accelerated expiration date\n in certain circumstances, as more particularly described in the\n Company's amended and restated preliminary short form prospectus filed\n on SEDAR February 18, 2014 (the \"Amended Prospectus\").\n\n\nThe Underwriter will also have the option to purchase from the Company\n additional Units up to a number equal to 15 percent of the Units issued\n under the Offering, exercisable for additional Common Shares and/or\n Warrants, in any combination, on the same terms and conditions at any\n time and from time to time up to 30 days from and including the Closing\n Date to cover over-allotments, if any, and for market stabilization\n purposes.\n\n\nThe closing of the Offering is subject to certain conditions including,\n but not limited to, the execution of a definitive underwriting\n agreement with the Underwriter, receipt of all necessary regulatory and\n stock exchange approvals including the receipt of listing approval by\n the Toronto Stock Exchange.\n\n\nT...