- Gran Colombia Gold has acquired all outstanding shares of Gold X Mining (GLDX) it did not already own
- The Toronto-based gold producer acquired the shares in exchange for common shares of Gran Colombia on the basis of 0.6948 shares for each Gold X Share
- Gold X has now become a wholly-owned subsidiary of Gran Colombia
- Gold X Shares are anticipated to be de-listed from the TSX Venture Exchange on or about June 7, 2021
- Gold X Mining is up 0.85 per cent, trading at C$3.58 at 12:29 pm ET
Gran Colombia Gold has now acquired all outstanding shares of Gold X Mining (GLDX) it did not already own.
The Toronto-based gold producer acquired the shares in exchange for common shares of Gran Colombia on the basis of 0.6948 shares for each Gold X Share.
As a result, Gold X has become a wholly-owned subsidiary of Gran Colombia.
Gold X Shares are anticipated to be de-listed from the TSX Venture Exchange on or about June 7, 2021.
“As best said by seven-time Super Bowl champion Tom Brady, ‘I just love working hard. I love being part of a team; I love working toward a common goal.’ The sale of Gold X is a testament to the hard work, belief and dedication to our vision. We are proud to have appreciably advanced the multimillion-ounce Toroparu project, created significant shareholder-value and delivered a shovel-ready project to our partners Gran Colombia,” said former Gold X Chief Executive Officer and director Paul Matysek.
Gold X Mining is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the project to date.
Gold X Mining is up 0.85 per cent, trading at C$3.58 at 12:29 pm ET.
