facebook
linkedin
twitter
About Us
  • BFSI
  • Energy
  • Infocom
  • Mining
  • Venture
  • Industry
  • Travel
  • Civic
  • Food, Health, Ag
  • Real Estate
  • Responsibility
  • Economy
  • Law & Justice
  • Interview
  • Analysis

Gran Colombia Gold Takes $2.4 Million CAD Additional Shares In Caldas Gold

Posted On March 18, 2020
By : Loren Moss
Comment: 0
Tag: caldas gold, colombia, coronavirus, covid-19, covid19, gold mining, gran colombia, gran colombia gold, marmato, marmato project, morocota gold, otcqx: tpr, serafino iacono, tsx: gcm, TSX: GCM; OTCQX: TPRFF, tsxv: cgc

Gran Colombia Gold (TSX: GCM; OTCQX: TPRFF) has acquired an additional 1,295,100 common shares of Caldas Gold (TSXV: CGC) at an average price of $1.89 CAD per share in the open market during the period from February 28, 2020 through March 16, 2020, paying a total of$2.4 million. This increases the common shares controlled by Gran Colombia to a total of 37,545,200, representing approximately 74.4% of the outstanding common shares of Caldas Gold, resulting in a 2.6% change to Gran Colombia’s shareholdings in Caldas Gold.

Assuming exercise of the 7,500,000 Caldas Gold share purchase warrants at CA$3.00 per share owned by the Company, Gran Colombia would have control and direction over 45,045,200 common shares representing approximately 77.7% of the then outstanding common shares of Caldas.

Grand Colombia has activated its business continuity program in the face of the Coronavirus Pandemic

The mining firm also announced today that it is diligently monitoring the impact of the novel COVID-19 virus globally and has activated its business continuity program to help ensure that head office functions are maintained while employees work remotely and travel restrictions have been put into place. To date, COVID-19 has not impacted production or product shipments at any of the Company’s sites. Nor, to date, has there been any significant negative impact on Gran Colombia’s supply chain. Nonetheless, Gran Colombia is constantly monitoring the situation and is working with its critical suppliers, which the company understands have mitigation plans in place, to minimize any potential supply chain disruptions that might emerge.

Commenting on the situation, Serafino Iacono, Executive Chairman of Gran Colombia, stated, “These are unprecedented times and the health and well-being of all of our employees and their families as well as those we work with in our various communities is of the utmost importance. As the markets have experienced tremendous upheaval over the last week, we have also received many inbound inquiries from our concerned investors. To the extent possible, recognizing current share prices are well below what we feel is a fair value, we are using our established normal course issuer bid to purchase our common shares in the market for cancellation. We have also been making purchases of common shares in Caldas Gold Corp. (“Caldas Gold”) to support our position in the Marmato Project.”

Gran Colombia will continue to monitor developments in the situation and revise its response plans accordingly.

Silver & Gold, Buy Now! SilverGoldBull.com

DON'T MISS OUT: The only English-language Colombia news that's strictly business, markets, & investment!
Join global executives & investors by subscribing to our FREE weekly updates
I agree to have my personal information transferred to MailChimp ( more information ) DISCLAIMER: Protección de Datos Personales Artículo 15 de la Constitución Política de Colombia, ley 1581 de 2012 y decreto 1377 de 2013.
We will never spam you or share your email address ¡Nunca Jamás!

Share the news!

  • Facebook
  • Twitter
  • Print
  • WhatsApp
  • LinkedIn
  • Skype

Related

Share your thoughts:

comments

About the Author
Loren Moss is the founder and publisher of Finance Colombia. He has over 20 years of international business experience, including over a decade of experience in securities, insurance, and commercial real estate, at the institutional and international level.
  • google-share
Previous Story

Focusing On South American Mining, Para Resources Names Javier Cordova CEO

Next Story

Colombian Government Confirms Cargo Imports & Exports, Mining, Energy, Agriculture To Continue Through Curfew

Related Posts

Grand Bahamas photo © Loren Moss
0

Bahamas Seeks Air Connectivity With Colombia

Posted On May 18, 2022
, By Loren Moss
Roberto Kriete, avianca's main shareholder and chairman of the Board of Directors.
0

Shareholders Of Viva, Avianca & Gol Announce The Creation Of Abra Group To Dominate South American Skies

Posted On May 11, 2022
, By Loren Moss
Colombia’s attorney general charged Russian national Sergein Vagin and six other people
0

Alleged Russian Spy Charged…With Running A Gambling Mafia

Posted On April 12, 2022
, By Loren Moss

You must log in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.





Search

RECENT

POPULAR

COMMENTS

The World’s 50 Best Restaurants today reveals Leonor Espinosa of Leo, Bogotá, as the 2022 winner of The World’s Best Female Chef Award, sponsored by Nude Glass

Colombian Leonor Espinosa Named "World's Best Female Chef"

Posted On May 18, 2022
Grand Bahamas photo © Loren Moss

Bahamas Seeks Air Connectivity With Colombia

Posted On May 18, 2022
Roberto Kriete, avianca's main shareholder and chairman of the Board of Directors.

Shareholders Of Viva, Avianca & Gol Announce The Creation Of Abra Group To Dominate South American Skies

Posted On May 11, 2022
Colombia’s attorney general charged Russian national Sergein Vagin and six other people

Alleged Russian Spy Charged…With Running A Gambling Mafia

Posted On April 12, 2022

Viva Launches Nonstop Routes To Buenos Aires, Argentina From Medellín & Bogotá, Colombia

Posted On April 12, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines

Posted On September 12, 2020

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Posted On September 10, 2020

AVIANCA IS BANKRUPT

Posted On May 10, 2020

[…] damn what she said. She and...

Posted On April 4, 2022

[…] by short sellers seeking to...

Posted On March 22, 2022

[…] no longer travel freely...

Posted On March 8, 2022

[…] Duque’s administration will...

Posted On March 8, 2022

[…] See also: 13 Police Injured In...

Posted On March 3, 2022

Watch This!

Consider Advertising With Us

Click here to visit Expat Group's English site

Subscribe Free

don't forget to include "http://"
* = required field
Your Background / Function








unsubscribe from list

RECENT

POPULAR

COMMENTS

The World’s 50 Best Restaurants today reveals Leonor Espinosa of Leo, Bogotá, as the 2022 winner of The World’s Best Female Chef Award, sponsored by Nude Glass

Colombian Leonor Espinosa Named "World's Best Female Chef"

Posted On May 18, 2022
Grand Bahamas photo © Loren Moss

Bahamas Seeks Air Connectivity With Colombia

Posted On May 18, 2022
Roberto Kriete, avianca's main shareholder and chairman of the Board of Directors.

Shareholders Of Viva, Avianca & Gol Announce The Creation Of Abra Group To Dominate South American Skies

Posted On May 11, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Posted On September 10, 2020

[…] damn what she said. She and...

Posted On April 4, 2022

[…] by short sellers seeking to...

Posted On March 22, 2022

[…] no longer travel freely...

Posted On March 8, 2022

Watch This!

Contact Us (Click the image):

Pages

  • About Us
  • Colombia Events, Conferences, Festivals and Important Dates
  • Contact Us
  • main
  • Media Partnerships
  • Privacy Policy
  • Search Results
  • Whatsapp test page
Copyright 2014-2020 Finance Colombia All Rights Reserved. We may earn commissions from qualifying purchases.
Posting....
WhatsApp us