Aris Mining Corp T.ARIS

Alternate Symbol(s): T.ARIS.WT.A | CLGDF | ARMN | N.AMNG.NT.U

Metals & Mining Gold

Aris Mining Corporation is a gold producer in the Americas. The Company is engaged in operating two mines with expansions underway in Colombia. The Segovia Operation is located in the Segovia-Remedios mining district in the department of Antioquia, Colombia, approximately 180 kilometers (km) northeast of Medellin. The Segovia Operations comprises four active underground gold mining operations, which include El Silencio, Sandra K, Providencia, and Carla. It has over 11 titles with a total area of 5,335.58 hectares (ha). The Marmato underground gold mine is located on the west side of the town of Marmato, in Marmato municipality of Caldas Department, in the Republic of Colombia, approximately 80 km from Medellin and 200 km northwest of the capital city of Bogota. The Company is also the operator and 51% owner of the Soto Norte Project, which is advancing to develop a new underground gold, silver and copper mine. In Guyana, it is advancing the Toroparu, a gold/copper project.

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Aris Mining Corp

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Comment by Johnnyboy851on Mar 30, 2017 8:13pm

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Post# 26055562

RE:RE:How much more dilution for restructuring debt again?

It does amount to restructuring the debt. It is changing the terms of the agreement. The debt holders will once again want something extra in return for extending the date from 2020 to 2024. No one does something for nothing. The whole debt was badly structured to begin with.

prokopton wrote: Please read the news release again. The company is NOT restructuring its debt. It is

1) Consolidating its common shares (15:1 reverse split).

2) Extending its 2018 convertible debentures to 2024.

TORONTO, ON--(Marketwired - March 23, 2017) - Gran Colombia Gold Corp. (GCM.TO) announced today that it will begin disseminating information tomorrow related to the Special Meeting of Shareholders to be held on April 24, 2017 to consider its proposal to consolidate its issued and outstanding common shares and to approve the proposed extension of the Company's Convertible Debentures due 2020, as further described in the Company press release dated March 6, 2017. The Company also announced that after further feedback from its stakeholders, it has revised the proposal such that the consolidation of the issued and outstanding common shares will now be on the basis of one post-consolidation share for every 15 pre-consolidation shares (1:15), subject to approval of the Toronto Stock Exchange.