Business
Gran Colombia Gold Announces Closing of US$100 Million Financing to Invest in Colombia to Increase Gold Production and Reduce Cash Costs at Segovia Operations
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITE...
About this update from Aris Mining Corp
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nTORONTO, Oct. 30, 2012 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) (the\n \"Company\") announced today that it has closed the previously priced\n offering (see Company press release dated October 22, 2012) of US$100\n million aggregate principle amount of units. Each unit of the offering\n consists of one US$1,000 face amount secured, 10% gold-linked note and\n 250 common share purchase warrants.\n\n\nThe net proceeds of the offering will be used as project financing for\n the Pampa Verde Project at the Company's Segovia Operations in\n Colombia, which includes the construction of a 2,500 tpd mill, the\n development of a new mechanized underground mine to access new vein\n deposits as well as improve access to the existing mines, additional\n capital expenditures relating to the Pampa Verde Project and interest\n payments on the notes. The Company also intends to arrange lease\n financing for a portion of the equipment required for the Pampa Verde\n Project.\n\n\nThe offering was conducted by a syndicate of agents led by GMP\n Securities L.P., as sole lead agent and sole book-runner, and included\n Stifel Nicolaus Canada Inc.\n\n\nThe units, the notes, the warrants and the warrant shares have not been,\n and will not be, registered under the United States Securities Act of\n 1933, as amended (the \"Securities Act\"), or any state securities laws\n and, unless so registered, may not be offered or sold in the United\n States or to U.S. persons except pursuant to an exemption from, or in a\n transaction not subject to, the registration requirements of the\n Securities Act and applicable state securities laws, nor has the\n Company filed, and the Company will not file, a prospectus in any\n jurisdiction in Canada. The units, the notes, the warrants and the\n warrant shares have been offered only to (i) qualified institutional\n buyers and (ii) a limited number of \"accredited investors\" within the\n meaning of Rule 501(a) under the U.S. Securities Act, pursuant to the\n exemption from the registration requirements under the U.S. Securities\n Act provided by Rule 144A and Rule 506 of Regulation D thereunder,\n respectively, and outside the United States to non-U.S. persons under\n Regulation S. The Units, the notes ...