Received by email:
File: CMJ_NR_20151023_Proposed Loan.pdf
COLOMBIAN MINES CORPORATION
510 580 Hornby Street - Vancouver, B.C. V6C 3B6
Tel: (604) 669 0868 - Fax: (604) 558 4200
Website www.colombianmines.com
NEWS RELEASE
Colombian Mines Enters Into Loan Agreements
Vancouver, British Columbia, October 23, 2015 (TSX-V: CMJ, Frankfurt: X6C) Colombian Mines
Corporation ("Colombian Mines" or the "Company") announces that it has entered into loan
agreements with Robert Carrington, President & CEO of the Company, Nathan Tewalt an Advisor of
the Company and certain non-arm's length lenders, (collectively, the "Lenders") whereby the Lenders
have agreed to loan Colombian an aggregate of CAD$143,205.10 (the "Loan") for a period of 15
months at an interest rate of 10% per annum. Colombian has the option to repay all or any part of the
principal of the Loan, together with accrued and unpaid interest, prior to the maturity date without notice
or penalty.
As additional consideration of the Loan, Colombian has agreed to issue 52,992 common shares (the
"Bonus Shares") and 2,599,142 warrants at an exercise price of $0.05 per common share for a period
of 15 months (the "Bonus Warrants") to the Lenders. The Bonus Shares and Bonus Warrants will be
subject to a four month hold period from the date of issuance.
The Loan will be used for general working capital purposes. The loan agreements, Bonus Shares and
Bonus Warrants are subject to approval from the TSX Venture Exchange.
About Colombian Mines Corporation: Colombian Mines Corporation is an aggressive exploration
and development stage company with a distinct "first mover" advantage in Colombia. Focused on
developing shareholder value through exploration and development of key projects, the Company is
also one of Colombia's leading "prospect generators". Further information can be found on our website
at www.colombianmines.com.
Signed: "Robert G. Carrington"
President & CEO
FOR FURTHER INFORMATION CONTACT:
Sharon Hebgin Dave Cross
Corporate Communications Chief Financial Officer and Corporate Secretar
--->y
Phone: (604) 669-0868 Phone: (604) 669-0868
Email: info@colombianmines.com Email: dcross@crossdavis.com
Website: www.colombianmines.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release .
Forward-Looking Statement
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncert
--->ainty
affecting the business of Colombian Mines Corporation. Actual results may differ materially from those currently antic
--->ipated in
such statements.
© 2024 Canjex Publishing Ltd. All rights reserved.