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Gran Colombia Gold Announces Details of July 2015 Interest Payments on Senior Debt
TORONTO , July 8, 2015 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM, OTC: TPRFF) announced ...
About this update from Aris Mining Corp
[{"type":"text","content":"\n\nTORONTO, July 8, 2015 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM, OTC: TPRFF) announced today the details of the interest payments it will make on July 31, 2015 on its Senior Secured Gold-Linked Notes due 2017 and its Senior Unsecured Silver-Linked Notes due 2018.\n\nGold Note holders of record as of July 21, 2015 will receive approximately US$8.49 per US$1,000 face value of the notes, leaving a balance of interest in arrears after the July payment of US$17.26 (approximately two months) per US$1,000 face value of the Gold Notes. Silver Note holders of record as of July 21, 2015 will receive approximately US$4.25 per US$1,000 face value of the notes which will be applied against the interest in arrears from December 31, 2014 and June 30, 2015, leaving a balance of US$25.20 per US$1,000 face value of Silver Notes after the July payment. These payment amounts are derived based on a 31-day period from July 1, 2015 through July 31, 2015, inclusive.\n\nThe interest payments are being made by the Company while we continue work on a comprehensive plan moving forward. The Company is continuing to work closely with its financial advisor, GMP Securities L.P. and continues discussions with Gold and Silver Note holders. \n\nAbout Gran Colombia Gold Corp.\n\nGran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. Gran Colombia is currently advancing a project to develop a modern, large-scale, gold and silver mine at its Segovia operations. \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\nCautionary Statement on Forward-Looking Information:\n\nThis news release contains \"forward-looking information\", which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects and, specifically, statements concerning anticipated growth in annual gold production and reduction of cash costs. Often, but not always, forward-looking statements can be identified by the use of words such as \"plans\", \"expects\", \"is expec...