Business
Gran Colombia closes US$80 million financing of senior unsecured silver-linked notes
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED S...
About this update from Aris Mining Corp
[{"type":"text","content":"\n\n\n\n\n\nNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES\n\n\nTORONTO, Aug. 11, 2011 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) announced today that it has closed its previously announced offering of\n US$80,000,000 aggregate principal amount of senior unsecured\n silver-linked notes at a price of US$1,000 principal amount per Note. \n The Offering was completed by a syndicate of agents, led by GMP\n Securities L.P. and included RBC Dominion Securities Inc., Fraser\n Mackenzie Limited, Raymond James Ltd. and TD Securities Inc. The Notes\n are listed for trading on the Toronto Stock Exchangeunder the symbol\n \"GCM.NT.U\".\n\n\nThe net proceeds of the Offering will be used by the Company for the\n development of the Marmato Project, Colombia-based social programs\n related to the Marmato Project, the relocation of the Town of Marmato\n and for general corporate purposes including improvements at its\n operating properties.\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\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, its projects and the\n proposed use of proceeds from the Offering. Often, but not always,\n forward-looking statements can be identified by the use of words such\n as \"plans\", \"expects\", \"is expected\", \"budget\", \"scheduled\",\n \"estimates\", \"forecasts\", \"intends\", \"anticipates\", or believes\" or\n variations (including negative variations) of such words and phrases,\n or state that certain actions, events or results \"may\", \"could\",\n \"would\", \"might\" or \"will\" be taken, occur or be achie...