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BRIEF-Gran Colombia Gold Proposes To Merge With Guyana Goldfields And Gold X

Published 2020-05-11, 08:17 a/m
© Reuters.
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May 11 (Reuters) - Gran Colombia Gold Corp GCM.TO :

* PRESS RELEASE - GRAN COLOMBIA GOLD PROPOSES TO MERGE WITH GUYANA GOLDFIELDS AND GOLD X TO CREATE A HIGH-GROWTH, LATIN AMERICAN-FOCUSED INTERMEDIATE GOLD PRODUCER

* GRAN COLOMBIA GOLD CORP - PROPOSES TO ACQUIRE GUYANA GOLDFIELDS AT A SHARE EXCHANGE RATIO OF 0.142 GRAN COLOMBIA SHARES

* GRAN COLOMBIA GOLD CORP - PROPOSED OFFER FOR GUYANA GOLDFIELDS IMPLYING A VALUE OF C$0.90 PER SHARE

* GRAN COLOMBIA GOLD CORP - CAN PROVIDE GUYANA GOLDFIELDS WITH A LOAN OF UP TO US$15 MILLION

* GRAN COLOMBIA GOLD CORP - WILL ACQUIRE REMAINING 81% OF GOLD X AT A SHARE EXCHANGE RATIO OF 0.500 GRAN COLOMBIA SHARES FOR EACH GOLD X SHARE

* GRAN COLOMBIA GOLD CORP - BOARD OF DIRECTORS OF GOLD X UNANIMOUSLY APPROVED GOLD X ARRANGEMENT AGREEMENT

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