The Toronto Stock Exchange reports that Gran Colombia Gold Corp. will redeem $4,875,000 (U.S.) of its outstanding 8.25 per cent senior secured gold-linked notes due 2024 on April 30, 2019. According to the TSX, the company will pay approximately 6.01384 U.S. cents per $1 (U.S.) principal amount of the notes, representing an amortization payment of approximately 5.84708 U.S. cents per $1 (U.S.) principal amount and a gold premium of approximately 0.16676 U.S. cent per $1 (U.S.) principal amount. The record date for the redemption is April 23, 2019.
The TSX reports that the notes remaining will begin trading at the open on April 22, 2019, on a postredemption basis, under the current symbol, GCM.NT.U, and the current Cusip number, No. 38501D AL 9. For more information, see the company's news release dated April 16, 2019.
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