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Gran Colombia Provides Details of Forthcoming Repayments of its Gold Notes; Declares Monthly ...
Gran Colombia GoldApril 15, 2021 GMT
TORONTO, April 15, 2021 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today the details for the forthcoming quarterly repayment of its 8.25% Senior Secured Gold-Linked Notes due 2024 (the “Gold Notes”) (TSX: GCM.NT.U) as follows:
Payment date:
Cash payment amount:
Approximately US$0.12437019 per US$1.00 principal amount of Gold Notes issued and outstanding on the Record date representing an amortization payment of the principal amount of approximately US$0.08847185 per US$1.00 principal amount of Gold Notes and a gold premium of approximately US$0.03589834 per US$1.00 principal amount of Gold Notes. Based on the London P.M. Fix on April 15, 2021 of US$1,757.20 per ounce, the aggregate amount of the cash payments on the Payment Date will be US$4,059,132, of which US$2,887,500 will be applied to reduce the aggregate principal amount of the Gold Notes issued and outstanding and the balance represents the Gold Premium.