Colombia Gran Colombia Gold Corp.’s $98 Million Notes Offering


Dentons, Dentons Cardenas & Cardenas, Philippi, Prietocarrizosa, Ferrero DU & Uría and Blake, Cassels & Graydon advised on the transaction

Gran Colombia Gold Corp. has closed its previously announced proposed debt financing (the “Offering) of 97,992 units for aggregate gross proceeds of approximately US$98 million. The Offering was led by GMP Securities L.P. as sole lead agent and sole book-runner. Each Unit consists of US$1,000 principal amount of senior secured gold-linked notes and 124 common share purchase warrants of the Company.

Each Warrant has an exercise price of CA$2.21 and entitles the holder thereof to purchase one common share in the capital of the Company at any time prior to the maturity of the Notes. The Notes and Warrants comprising each Unit will not separate until 45 days following the closing of the Offering. The Notes and the Warrants are also subject to a hold period equal to four months and a day following the closing of the Offering, and the Company will take commercially reasonable steps to obtain approval for the listing and trading of the Notes and the Warrants on the Toronto Stock Exchange by the end of the hold period.

Gran Colombia Gold Corp. is a mineral exploration and production company. The company, led by Serafino Iacono, Miguel De La Campa and Lombardo Paredes Arenas, in 2017 recorded C$ 279.6 Million Revenues.

In Canada, Dentons advised Gran Colombia Gold Corp. with Eric Foster (Picture), Dan Shea, Nathan Roberts, Michael Henriques, Andreas Kloppenborg and Dan Cerchia.

In Colombia, Dentons Cardenas & Cardenas advised Gran Colombia Gold Corp. with Jorge Neher.

Philippi, Prietocarrizosa, Ferrero DU & Uría advised GMP Securities L.P. with Hernando Padilla, María Victoria Pérez, Ximena González and Laura Streubel.

Blake, Cassels & Graydon LLP advised GMP Securities L.P. with Tim Andison, Victoria Locke and Kendall Grant.

Involved fees earner: Jorge Neher – Dentons – Cárdenas & Cárdenas; Hernando Padilla – Philippi Prietocarrizosa Ferrero DU & Uría; María Victoria Pérez Munévar – Philippi Prietocarrizosa Ferrero DU & Uría; Ximena González Cardozo – Philippi Prietocarrizosa Ferrero DU & Uría; Eric Foster – Dentons; Dan Shea – Dentons; Nathan Roberts – Dentons; Andreas Kloppenborg – Dentons; Dan Cerchia – Dentons; Michael Henriques – Dentons; Tim Andison – Blake, Cassels & Graydon; Victoria Locke – Blake, Cassels & Graydon; Kendall Grant – Blake, Cassels & Graydon;

Law Firms: Dentons – Cárdenas & Cárdenas; Philippi Prietocarrizosa Ferrero DU & Uría; Dentons; Blake, Cassels & Graydon;

Clients: GMP Securities L.P.; Gran Colombia Gold Corp.;