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Stocks in play: Gran Colombia Gold Corp.

Baystreet.ca
Updated

Gave notice on August 3 to the trustee for its Senior Unsecured Convertible Debentures due 2018 that on maturity on August 11, pursuant to the provisions of the underlying indenture, the Company has elected to satisfy its obligation to repay 100% of the outstanding principal amount of its 2018 Debentures, and all accrued and unpaid interest thereon, by issuing and delivering common shares. The volume weighted average trading price of the Company’s common shares on the Toronto Stock Exchange for the 20 consecutive trading days ending five trading days before the Maturity Date exceeded $1.95 U.S. per share. Gran Colombia Gold Corp. shares T.GCM are trading up $0.07 at $2.59.