Gran Colombia Gold Ready to Invest in Venezuela
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it sees opportunity in the evolving changes in Venezuela to recover and develop its gold exploration assets that were nationalized in 2011, adding to its pipeline of Latin America-based projects which could fuel the Company’s mid- to long-term growth objectives. Gran Colombia recognizes Mr. Juan Guaid as the legitimate interim President of Venezuela and has communicated to its government the Company's firm intention to re-start its mining project in Venezuela as soon as circumstances allow. For the purposes of holding, developing and financing its Venezuelan assets and carrying out its Venezuelan investment strategy, Gran Colombia intends to spin off such assets into a separate listed special purpose vehicle. Through the spin off, Gran Colombia will retain a major stake in the new company while leveraging the capital markets to provide the funding required for exploration and development of the mining assets.
Serafino Iacono, Executive Co-Chairman of Gran Colombia, stated: “We are incredibly excited with the future prospects of Venezuela and are eager to be a partner in the reconstruction of the country...
[url=https://ceo.ca/@nasdaq/gran-colombia-gold-ready-to-invest-in-venezuela]Link[/url]