Post by
likeike on Aug 12, 2021 7:16pm
divi
Gran Colombia has completed a major step forward in its strategy to grow through diversification, completing the acquisition on June 4, 2021 of all the shares of Gold X Mining Corp (“Gold X”) it did not already own and then closing a $300 million offering on August 9, 2021 of 6.875% Senior Unsecured Notes due 2026 (the “2026 Notes”) to fund the development of the Toroparu Project in Guyana, to prepay the remaining $18.0 million balance of its Gold Notes and for general corporate purposes. The Company is nearing completion of an updated preliminary economic assessment (“PEA”) for the Toroparu Project incorporating the recently announced high-grade results from the 2020-2021 drilling program undertaken by Gold X.
Comment by
WindsorGuy on Aug 12, 2021 8:30pm
Excellant results. Now the Company needs to list on one of the US exchanges to attract more foreign buyers. Currently trading less than 50% of book value. A name change could also help (i.e. Gran Columbia Resources) to reflect diversification of company.GLTA
Comment by
invest234 on Aug 12, 2021 10:01pm
better to rename it Gold X. Gran Columbia Resources is not an improvement lol.