The Toronto Stock Exchange reports that Gran Colombia Gold Corp. will redeem $4,875,000 (U.S.) principal amount of its 8.25 per cent senior secured gold-linked notes due 2024 (symbol GCM.NT.U) on Jan. 31, 2019. According to the TSX, the company will pay 5.71985 U.S. cents per $1 (U.S.) principal amount of the gold notes redeemed. This redemption price includes an amortization payment of approximately 5.52407 U.S. cents per $1 (U.S.) principal amount and a gold premium of approximately 0.19578 U.S. cent per $1 (U.S.) principal amount. The record date for the redemption is Jan. 24, 2019.
The TSX reports that the gold notes remaining will begin trading on a postredemption basis at the open on Jan. 23, 2019, under the current stock symbol and the current Cusip number (No. 38501D AL 9). For more information, see the company's news release dated Jan. 16, 2019.
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