Gran Colombia Gold acquired a 14.78% interest in Sandspring Resources



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After that, the CEO of Gran Colombia will be a member of the board of directors of the Canadian mining company

Johan Chiquiza Nonsoque – [email protected]

Gran Colombia Gold has confirmed the purchase that had been announced in past days, referring to the acquisition of a 14.78% stake in the Canadian mining company Sandspring Resources, a decision that left Lombardo Paredes Arenas, CEO of Gran Colombia , member of the board of directors of the Canadian mining company.

After the transaction, Gran Colombia controlled 31 million common shares and 16 million equity purchase guarantees from the other company.

"Each stock purchase guarantee entitles Gran Colombia to purchase one additional Sandspring share at C $ 0.40 ($ 881.03) over a period of sixty (60 years). "month," said the buyer in a statement

"We are pleased to have closed to investment in Sandspring. Given our previous experience in Escudo de Guayana and the work we have done in our due diligence process, we see opportunities in the Sandspring Toroparu project and we hope to help management reach new levels, "said Serafino Iacono, Co-Executive Chairman of the Board of Directors. Administration of Gran Colombia

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