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The Colombia Gold Symposium, organized by Paul Harris, publisher of Colombia Gold Letter, also covers other metals such as silver and copper, and gives Ecuador equal billing in the symposium content, with additional attention given to Peru and Chile.

"There must be space for both the big mining companies and the small artisanal miners," says Dora Elena Balvín, secretary of mines in Antioquia.

The firm has granted incentive stock options to purchase an aggregate of up to 1.3 million common shares.

In all, the Canadian mining company issued 13,500,000 units, for $0.10 apiece.