The Toronto Stock Exchange reports that Gran Colombia Gold Corp. will redeem, on Oct. 31, 2019, $4,875,000 (U.S.) principal amount of its 8.25 per cent senior secured gold-linked notes due 2024. According to the TSX, the record date for the redemption is Oct. 24, 2019, and the company will pay approximately 7.88104 U.S. cents per $1 (U.S.) principal amount of gold notes redeemed.

The TSX reports that this redemption price includes an amortization payment of approximately 6.62139 U.S. cents per $1 principal amount and a gold premium of approximately 1.25965 U.S. cents per $1 (U.S.) principal amount of gold notes redeemed. The TSX notes that no accrued interest is included in this amount as all accrued and unpaid interest on the gold notes will be paid in the normal course on the interest payment date of Oct. 31, 2019.

According to the TSX, the gold notes remaining will begin trading on a postredemption basis at the open on Oct. 23, 2019, under the present stock symbol (GCM.NT.U) and Cusip number (No. 38501D AL 9). For more information, see the company's news release dated Oct. 16, 2019.