Gran Colombia Gold Announces Voting Results of the Annual and Special Shareholders Meeting and Sets Record Date for 2020
Debenture Redemption
TORONTO, ON --(Marketwired - June 22, 2017) - Gran Colombia Gold Corp.'s
(TSX: GCM) Annual and Special Meeting of Shareholders was held on Thursday, June 22, 2017. The
detailed results of the votes for each matter to be acted upon are set out below:
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| Item |
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Description of matter |
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Outcome |
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Voted |
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Voted (%) |
| 1. |
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Fixing the number of directors at nine. |
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Approved |
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4,014,220 For 117,936 Against |
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97.15%
2.85% |
| 2. |
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The election of the following individuals as directors of the Corporation to hold office until the
next annual meeting of the Corporation or until their successors are appointed or elected: |
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| Miguel de la Campa |
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Approved |
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4,083,572 For 48,584 Withheld |
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98.82%
1.18% |
| Serafino Iacono |
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Approved |
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4,076,908 For 55,248 Withheld |
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98.66%
1.34% |
| Mark Ashcroft |
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Approved |
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3,917,231 For 214,925 Withheld |
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94.80%
5.20% |
| Edward Couch |
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Approved |
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4,008,892 For 123,264 Withheld |
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97.02%
2.98% |
| Ian Mann |
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Approved |
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4,008,903 For 123,253 Withheld |
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97.02%
2.98% |
| Hernan Juan Jose Martinez Torres |
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Approved |
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3,924,877 For 207,279 Withheld |
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94.98%
5.02% |
| Robert Metcalfe |
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Approved |
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3,924,877 For 207,279 Withheld |
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94.98%
5.02% |
| Jaime Perez Branger |
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Approved |
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4,009,076 For 123,080 Withheld |
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97.02%
2.98% |
| Mark Wellings |
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Approved |
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3,931,548 For 200,608 Withheld |
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95.15%
4.85% |
| 3. |
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Appointing KPMG LLP as auditors of the Corporation at a remuneration to be fixed by the directors. |
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Approved |
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5,032,930 For 19,173 Withheld |
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99.62%
0.38% |
| 4. |
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Reapproval of the Stock Option Plan of the Corporation which fixes the maximum aggregate number of
shares reserved for issuance under the plan at 10% of the issued and outstanding common shares of the
Corporation |
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Approved |
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3,818,536 For 313,656 Against |
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92.41%
7.59 % |
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2020 Debentures Redemption Record Date
As announced on June 13, 2017, the Company will complete a partial redemption at par on July 31, 2017 of an aggregate
principal amount of US$3,000,000 of the 2020 Debentures outstanding, applied on a pro-rata basis. The Company confirms the record
date for the partial redemption has been set as July 27, 2017 and the 2020 Debentures will commence trading on the TSX on a
post-redemption basis as of the opening of business on July 25, 2017.
About Gran Colombia Gold Corp.
Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in
Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines
in operation at its Segovia and Marmato Operations. Gran Colombia is continuing its expansion and modernization activities at its
high-grade Segovia Operations.
Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with
respect to the anticipated partial redemption of 2020 Debentures. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that
certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Gran Colombia to be materially different from any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in
these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as
of March 30, 2017, which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Gran
Colombia disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of
new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on
forward-looking statements.