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Caldas Gold Corp
Symbol CGC
Shares Issued 99,800,162
Close 2020-11-11 C$ 2.02
Recent Sedar Documents

Caldas satisfies financing escrow release conditions

2020-11-11 11:37 ET - News Release

Mr. Mike Davies reports

CALDAS GOLD SATISFIES ESCROW RELEASE CONDITIONS IN CONNECTION WITH OFFERING OF SUBSCRIPTION RECEIPTS

Caldas Gold Corp. has satisfied the escrow release conditions in respect of its $83,066,000 (U.S.) private placement offering of 83,066 subscription receipts completed on Aug. 26, 2020. Among other escrow release conditions, the company filed and obtained a receipt for a final short form prospectus in each of the provinces of Canada, except Quebec, qualifying for distribution 83,066 units of the company, with each unit comprising senior secured gold-linked notes in an aggregate principal amount of $1,000 (U.S.) and 200 common share purchase warrants. The notes and warrants are issuable for no additional consideration upon the conversion of the subscription receipts, with the units separating into notes and warrants immediately upon issue. The offering was conducted by a syndicate of agents co-led by Scotiabank and Canaccord Genuity Corp.

As a result of satisfying the escrow release conditions, the subscription receipts shall be converted, and the notes and warrants underlying the subscription receipts will be issued, effective at 5 p.m. Toronto time on Wednesday, Nov. 18, 2020.

A copy of the prospectus, including the documents incorporated by reference therein, is available under the company's SEDAR profile.

About Caldas Gold Corp.

Caldas Gold is a Canadian junior mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato project in the department of Caldas, Colombia. Caldas Gold also owns 100 per cent of the Juby project, an advanced exploration-stage gold project located within the Shining Tree area in the southern part of the Abitibi greenstone belt, about 100 kilometres south-southeast of the Timmins gold camp.

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