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Caldas Gold 7.5% gold-linked notes to trade on NEO

2020-11-18 20:03 ET - Miscellaneous

Neo Exchange Inc. has granted final approval for the supplemental listing of $83,066,000 (U.S.) principal amount of 7.5 per cent non-convertible senior secured gold-linked notes of Caldas Gold Corp. on NEO.

The notes of the corporation will be available for trading on NEO under the symbol CGC.NT.U at the start of trading on Friday, Nov. 20, 2020.

Additional information about the notes may be found in the note indenture dated Nov. 5, 2020, which is available on SEDAR.

Security and trading information

Security name:  Caldas Gold

Symbol:  CGC.NT.U

Security type:  notes

Cusip No.:  12878L AA 5

ISIN:  CA 12878L AA 5 8

Listing date:  Nov. 20, 2020

Trading currency:  U.S. dollar

Trading rules:  The notes, which are issuable in the minimum principal amount of $1 (U.S.) each, will be quoted based on $100 (U.S.) principal amounts, with all trades being made in multiples of $1,000 (U.S.). The minimum trading unit of notes is $1,000 (U.S.) and a board lot of notes is $1,000 (U.S.).

Maturity date:  Aug. 26, 2027

Interest rate:  7.5 per cent per annum (Interest will be computed on the basis of a 365-day year. Interest on notes shall be payable in equal monthly amounts, provided that, for any interest period that is shorter than a full monthly interest period, interest shall be calculated on the basis of a year of 365 days and the actual number of days elapsed in that period.)

Initial interest payment date:  Nov. 30, 2020

Interest payment dates:  monthly in arrears on the last day of each month

Initial interest payment amount:  $2.47 (U.S.) for each $1,000 (U.S.) principal amount, which will include interest accrued from Nov. 18, 2020, up to, but excluding, Nov. 30, 2020

Mandatory repayment:  The amount of notes will be reduced by the corporation on a quarterly basis on each of Feb. 28 (or 29, as applicable), May 31, Aug. 31 and Nov. 30 of each year, commencing on Nov. 30, 2021, and with the final payment on Aug. 26, 2027, in accordance with the payment schedule set forth in the note indenture plus an amount of premium on each principal payment date equal to the gold premium, if any, and will be effected through a partial redemption of notes.

Transfer agent and registrar:  TSX Trust Company

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