Gran Colombia Gold announces the consolidation of its common shares and warrants

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[{"type":"text","content":"\n\n\nTORONTO, June 14, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM; TSX:\n GCM.WT; GCM.NT.U) is pleased to announce the approval of the proposed\n consolidation of its issued and outstanding Common Shares on a\n one-for-twenty-five basis.  As a result of the consolidation, there\n will be 15,279,936 Common Shares issued and outstanding on a\n post-consolidated basis.  The Company has also consolidated all of its\n issued and outstanding Warrants on the same basis.\n\n\nThe Company received Toronto Stock Exchange approval for the\n consolidation of the Common Shares and Listed Warrants (TSX: GCM.WT) on\n June 14, 2013, and commencing at the opening of trading on June 18, 2013, the\n Common Shares and Listed Warrants will trade on a post-consolidated\n basis on the TSX.  The Company's name and trading symbols will remain\n unchanged.  The following table summarizes the structure of the\n Company's Warrants following the consolidation:\n\n\nWarrants\n\n\nOriginal Terms of Warrants\n\n\nPost Warrant Consolidation (effective June 18, 2013)\n\n\nListed Warrants expiring on August 24, 2015 (TSX: GCM.WT)\n\n\nEach warrant exercisable to purchase one Common Share at an exercise\n price of $2.60 per Common Share.\n\n\nEach warrant exercisable to purchase one post-consolidated Common Share\n at an exercise price of $65.00 per share.\nAll entitlements to fractional consolidated warrants will be rounded\n down to the next whole number of consolidated warrants in accordance\n with the provisions of the applicable Warrant Indenture and no\n consideration will be paid in lieu of fractional Common Shares. \n\n\nWarrants expiring on October 31, 2017 (issued in connection with the\n Gold-Linked Notes)\n\n\nEach warrant is exercisable to purchase one Common Share at an exercise\n price of $0.75 per Common Share.\n\n\nEach warrant exercisable to purchase one post-consolidated Common Share\n at an exercise price of $18.75 per share.\nAll entitlements to fractional consolidated warrants will be rounded up\n to the next whole number of consolidated warrants in accordance with\n the provisions of the applicable Offering Memorandum. \n\n\nWarrants expiring on June 18, 2013\n\n\nEach warrant exercisable at an exercise price of US$3.75, to acquire\n 0.4032 (being 0.336 of a share multiplied by 1.2) of a Common Share for\n...

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