Gran Colombia announces the purchase of 70,062,746 warrants by Sprott Asset Management LP and Flatiron Capital Management Partners

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Oct. 19, 2012 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM)\n announced today that pursuant to an Alternative Monthly Report filed by\n Sprott Asset Management LP and Flatiron Capital Management Partners, as\n of August 31, 2012, Sprott and Flatiron have purchased, on behalf of\n accounts fully managed by them, an aggregate of 70,062,746 of the\n Company's listed warrants (TSX: GCM.WT) in the open market.  As of\n today's date, Sprott and Flatiron hold approximately 44.5% of the total\n Warrants issued and outstanding.  Assuming the exercise of these\n Warrants, Sprott and Flatiron would exercise control or direction over\n approximately 15.5 % of the issued and outstanding Common Shares of the\n Company (on a partially-diluted basis).\n\n\nFor further information, please see the Alternative Monthly Report dated\n September 10, 2012, filed by Sprott and Flatiron on the Company's SEDAR\n profile available at www.sedar.com.\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 several underground mines in operation at its\n Segovia and Marmato operations. In addition, Gran Colombia is advancing\n a project to develop a large-scale, gold and silver mine at its Marmato\n operations.\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 invol...

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