Gran Colombia Gold, the Canadian based gold and silver mining concern, announced today that it sent US$1,058,062 to the trustee to fund monthly interest payments to be made on February 27, 2015 on its Senior Secured Gold-Linked Notes due 2017 and its Senior Unsecured Silver-Linked Notes due 2018. This represents interest payments of approximately US$7.67 and US$3.70 per US$1,000 face value of the Gold-Linked and Silver-Linked Notes, respectively. As previously announced, the Company is resuming its monthly interest payments on the Gold-Linked Notes, and commencing monthly interest payments on its Silver-Linked Notes, as it continues to work with its financial advisor to resolve the current default on the Gold-Linked and Silver-Linked Notes.
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.
Image Courtesy Gran Colombia Gold