Gran Colombia Announces Purchases under its Normal Course Issuer Bid

About this update from Aris Mining Corp

[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Oct. 13, 2011 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM)\n announced today that it has to date purchased for cancellation a total\n of 4,192,000 common shares at an average price of $0.63 under its\n previously announced normal course issuer bid with the Toronto Stock\n Exchange.\n\n\nUnder the bid, the Company is entitled to purchase for cancellation up\n to a maximum of 10% of common shares that comprise the Company's public\n float through the facilities of the TSX until the earlier of September\n 29, 2012 or the date on which the Company has purchased the maximum\n number of common shares permitted under the bid.\n\n\nAbout Gran Colombia Gold Corp.\n\n\nGran Colombia is a Canadian-based gold and silver exploration,\n development and production company with its primary focus in Colombia. \n Gran Colombia is currently the largest underground gold and silver\n producer in Colombia with six underground mines in operation.  In\n addition, Gran Colombia is also developing a large-scale, open-pit gold\n and silver mine at Marmato.  The Company also has a highly-prospective\n land position in Colombia as well as an advanced stage property in\n Venezuela and earlier stage properties in Mali.\n\n\nAdditional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.\n\n\nCautionary Statement on Forward-Looking Information:\n\n\nThis news release contains \"forward-looking information\", which may\n include, but is not limited to, statements with respect to the future\n financial or operating performance of the Company and its projects.\n Often, but not always, forward-looking statements can be identified by\n the use of words such as \"plans\", \"expects\", \"is expected\", \"budget\",\n \"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\", or\n believes\" or variations (including negative variations) of such words\n and phrases, or state that certain actions, events or results \"may\",\n \"could\", \"would\", \"might\" or \"will\" be taken, occur or be achieved.\n Forward-looking statements involve known and unknown risks,\n uncertainties and other factors which may cause the actual results,\n performance or achievements of Gran Colombia to be materially different\n from any future results, perfo...

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