Gran Colombia GOLD Announces Trading of Its Common Shares ON a Post-Consolidated
NEWS RELEASE
GRAN COLOMBIA GOLD ANNOUNCES TRADING OF ITS COMMON SHARES ON A POST-CONSOLIDATED
BASIS WILL COMMENCE AT MARKET OPEN ON APRIL 27, 2017
TORONTO, CANADA, Tuesday, April 25, 2017 – Gran Colombia Gold Corp. (TSX: GCM) announced today that
the consolidation of the Corporation’s issued and outstanding common shares on a one post -consolidation share
for every fifteen pre -consolidation shares (1:15) basis has been made effective and the common shares will
commence trading on a post -consolidated basis on the Toronto Stock Exchange at market open on Thursday,
April 27, 2017. The Company’s name and trading symbols will remain unchanged.
As a result of the share c onsolidation, there are now approximately 20,450,401 common shares issued and
outstanding on a post-consolidated basis, subject to rounding for fractional shares as no fractional shares will be
issued. The number of post-consolidated common shares to be received will be rounded up to the nearest whole
number for fractions of 0.5 or greater or rounded down to the nearest whole number for fractions of less than 0.5.
The number of common shares on a post -consolidated basis underlying the issued and outstandi ng warrants of
the Company and the exercise price thereof will be adjusted in accordance with the applicable warrant certificate
and indenture. Similarly, the conversion price s of the Company’s Senior Unsecured Convertible Debentures due
2018 (the “2018 Debentures”) and Senior Secured Convertible Debentures due 2020 (the “2020 Debentures”) will
also be adjusted in accordance with the applicable indenture.
The following table summarizes the Company’s capital structure following the share consolidation:
Security Issued and Outstanding Following the Share Consolidation
Common Shares
(TSX: GCM) 20,450,401 (subject to rounding for fractional shares)
2017 Warrants
(Unlisted)
Warrants to purchase 66,667 common shares, with each fifteen (15) warrants entitling the
holder thereof to purchase one (1) whole common share, at an exercise price of $281.25
per common share expiring October 30, 2017
2019 Warrants
(TSX: GCM.WT.A)
Warrants to purchase 280,795 common shares, with each fifteen (15) warrants entitling the
holder thereof to purchase one (1) whole common share, at an exercise price of $48.75 per
common share expiring March 18, 2019
2018 Debentures
(TSX: GCM.DB.U)
US$45,970,216 principal amount convertible at a conversion price of US$1.95 into
approximately 23,574,470 common shares, representing a conversion rate of
approximately 513 common shares for each US$1,000 principal amount of 2018
Debentures
2020 Debentures
(TSX: GCM.DB.V)
US$100,710,085 principal amount convertible at a conversion price of US$1.95 into
approximately 51,646,197 common shares, representing a conversion rate of
approximately 513 common shares for each US$1,000 principal amount of 2020
Debentures
Stock Options
1,931,333 Stock Options at an exercise price of $2.55 per common share expiring in 2021
and 2022
47,000 Stock Options at an exercise price of $27.60 per common share expiring in 2019
About Gran Colombia Gold Corp.
Gran Colombia is a Canadian -based gold and silver exploration, development and production company with its
primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in
Colombia with several underground mines in operation at its Segovia and Ma rmato Operations. Gran Colombia is
continuing an expansion and modernization project at its Segovia Operations.
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.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653