ENP Newswire -
Release date- 20022014 -
The amended and restated preliminary short form prospectus reflects the Company's recent developments, as described in the press release dated
As previously announced in the Company press release dated
Each Unit will consist of one common share in the capital of the Company (each, a 'Common Share') and one-half of one common share purchase warrant (each whole common share purchase warrant, a 'Warrant'). Each Warrant will entitle the holder thereof to purchase one Common Share at a price to be agreed upon between the Agent and the Company. Warrants will expire five years following the closing of the Offering (the 'Closing Date'). The Warrants will be subject to an accelerated expiration date in certain circumstances, as more particularly described in the amended and restated preliminary short form prospectus.
The Agent will also have the option to purchase from the Company additional Units up to a number equal to 15 percent of the Units issued under the Offering during the 30 day period immediately following the Closing Date.
The closing of the Offering is subject to certain conditions including, but not limited to, the execution of a definitive agency agreement with the Agent, receipt of all necessary regulatory and stock exchange approvals including the receipt of listing approval by the
The Closing Date will take place within 30 days of the receipt for the final short form prospectus in respect of the Offering, or such other date agreed upon by the Company and the Agent. For more information, potential investors should read the amended and restated preliminary short form prospectus, together with the documents incorporated by reference therein, including the risk factors. A copy of the amended and restated preliminary short form prospectus will be available on the SEDAR website 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 future financial or operating performance of the Company and its projects. 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. Forward-looking statements contained herein are made as of the date of this press release and Gran Colombia disclaim, 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.
Tel: (416) 360-4653
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