/NOT FOR DISTRIBUTION TO
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 of
The Underwriter 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, exercisable for additional Common Shares and/or
Warrants, in any combination, on the same terms and conditions at any
time and from time to time up to 30 days from and including the Closing
Date to cover over-allotments, if any, and for market stabilization
The closing of the Offering is subject to certain conditions including,
but not limited to, receipt of all necessary regulatory and stock
exchange approvals including the receipt of listing approval by the
The Closing Date will take place in
The securities offered have not and will not be registered under the
United States Securities Act of 1933, as amended (the "
The Company has also filed an amended and restated National Instrument
43-101 technical report on a preliminary economic assessment on its
The Company will file the Amended Prospectus in all of the provinces of
The Amended Prospectus will be updated to reflect the PEA and the
entering into of the Underwriting Agreement, as detailed above.
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 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.