Gran Colombia Gold announces partial redemptions of gold-linked notes

Chicago, March 10 – Gran Colombia Gold Corp. announced that it will partially redeem some of its 8¼% gold-linked notes due 2024, according to a press release.

The next amortization payment on the notes will be $2,887,500 on April 30.

The amortization payment will reduce the amount outstanding to $29,750,000.

After that, on May 3, the company will complete an early optional redemption of an additional $10 million, approximately 33.6% of the amount outstanding, on the notes.

The notes will be redeemed at 104.13, plus interest.

After the payment and the redemption, there will be $19,750,000 of the notes outstanding.

Gran Colombia Gold is a Toronto-based gold and silver exploration, development and production company with its primary focus in Colombia.

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