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Caldas Gold Corp
Symbol CGC
Shares Issued 99,800,162
Close 2020-11-19 C$ 2.00
Recent Sedar Documents

Caldas Gold issues 83.06M gold-linked notes

2020-11-19 08:41 ET - News Release

Mr. Mike Davies reports

CALDAS GOLD ANNOUNCES LISTING OF GOLD-LINKED NOTES ON NEO EXCHANGE AND LISTING OF WARRANTS ON TSX-V

Further to Caldas Gold Corp.'s news release dated Nov. 11, 2020, in connection with its previously completed private placement offering of subscription receipts, an aggregate of 83,066 subscription receipts have been converted as of 5 p.m. EST on Nov. 18, 2020, resulting in the issuance of 83,066,000 senior secured gold-linked notes in an aggregate principal amount of $83,066,000 (U.S.) and 16,613,200 common share purchase warrants to holders of the subscription receipts.

The notes will begin trading on the Neo Exchange as of market open on Friday, Nov. 20, 2020, under the symbol CGC.NT.U.

The warrants will begin trading on the TSX Venture Exchange as of market open today (Nov. 19, 2020) under the symbol CGC.WT. For further details regarding the warrants, please see the news release of the company dated July 29, 2020, available on the company's website or under the company's SEDAR profile.

In connection with the conversion of the subscription receipts and the issuance of the notes, the company will pay an aggregate of $1,416,673.56 (U.S.) to holders of notes on account of interest owing to such holders of notes from and including Aug. 26, 2020, to Nov. 17, 2020.

Updated capitalization of the company

As of Nov. 19, 2020, the company now has the securities issued and outstanding, as displayed in the table.

                 TSX-V/NEO                        Common shares     Exercise price              Expiry or
Securities       symbol                  Number        issuable   per common share          maturity date
                                                                                                          
Common shares    CGC                 99,800,162 
                                                                                                          
Stock options                           255,000         255,000            CA$2.10          Feb. 25, 2021
                                      4,550,000       4,550,000            CA$2.00          March 1, 2025
                                        160,000         160,000            CA$2.50          June 26, 2025
                                        200,000         200,000            CA$2.73         Sept. 17, 2022
                                      5,165,000       5,165,000            
                                                                         
Warrants         Unlisted            10,800,000      10,800,000            CA$3.00          Dec. 19, 2024
Warrants (1)     CGC.WT              38,835,422      38,835,422            CA$2.75          July 29, 2025 (2)
Broker warrants  Unlisted               118,050         118,050            CA$2.00          Dec. 19, 2022
                                                        118,050            CA$3.00          Dec. 19, 2024
                                                                         
Notes (3)        CGC.NT.U            83,066,000      

Notes
 
(1) Twenty-two million two hundred twenty-two thousand two hundred twenty-two of the 38,835,422 warrants 
    referenced were listed and began trading on the TSX Venture Exchange on Sept. 30, 2020, under the 
    symbol CGC.WT. The balance of the warrants, being 16,613,200 warrants, will be listed and begin trading 
    on the TSX-V as of market open today (Nov. 19, 2020) under the symbol CGC.WT.

(2) The company may accelerate the expiry date of the warrants after July 29, 2023, in the event that the 
    closing price of the common shares on the TSX-V (or such other exchange on which the common shares may 
    principally trade at such time) is greater than $2.75 per share for a period of 20 consecutive trading 
    days, by giving notice to the holders of warrants of the acceleration of the expiry date and issuing a 
    concurrent press release announcing same and, in such case, the warrants will expire on the 30th day 
    following the date on which such notice is given and press release issued.

(3) The notes are currently unlisted but will be listed and begin trading on the NEO on Nov. 20, 2020, under 
    the symbol CGC.NT.U.

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 km south-southeast of the Timmins gold camp.

We seek Safe Harbor.

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