Brief: Gran Colombia Announces Steps To Strengthen Balance Sheet

Aris Mining

11/03/2021 01:03

March 10 (Reuters) - Gran Colombia Gold Corp  GCM.TO :
    * GRAN COLOMBIA ANNOUNCES STEPS TO CONTINUE STRENGTHENING
ITS
BALANCE SHEET WITH PARTIAL EARLY REDEMPTIONS OF ITS LONG-TERM
DEBT
    * WILL REDEEM C$2,000,000 AGGREGATE PRINCIPAL AMOUNT OF
CONVERTIBLE DEBENTURES IN CASH ON APRIL 5, 2021
    * GRAN COLOMBIA - EARLY REDEMPTION OF ABOUT 33.6%,
EQUIVALENT TO
US$10,000,000, OF 8.25% SENIOR SECURED GOLD NOTES DUE 2024 TO
TAKE PLACE ON MAY 3, 2021
    * GRAN COLOMBIA GOLD-FOLLOWING REDEMPTION, THERE WILL BE
C$18,000,000 AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE
DEBENTURES ISSUED AND OUTSTANDING

Source text for Eikon:  ID:nGNX6scqWs 
Further company coverage:  GCM.TO 

 ((Reuters.Briefs@thomsonreuters.com;))