https://www.miningweekly.com

Gran Colombia closes C$15m investment by Eric Sprott

6th November 2019

By: Creamer Media Reporter

     

Font size: - +

TSX-listed Gran Colombia Gold has closed its previously announced investment by Eric Sprott in a non-brokered private placement.

Through the private placement, 2176423 Ontario, a corporation that is beneficially owned by Sprott, acquired 3 260 870 units of Gran Colombia at a price of C$4.60 a unit for a total investment of C$15-million.

Prior to the placement, Sprott did not own or control any shares of Gran Colombia. As a result of the private placement, he now beneficially owns or controls 3 260 870 common shares and 3 260 870 warrants of the company representing 6.12% on a non-diluted basis and about 11.54% of the issued and outstanding common shares of Gran Colombia assuming the exercise of the warrants acquired in the private placement.

The company’s primary focus is in Colombia, where it is currently the largest underground gold and silver producer with several mines in operation at its Segovia and Marmato Operations.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.045 1.275s - 111pq - 2rq
Subscribe Now