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Gran Colombia, Western Atlas in unlikely Venezuela deal

Gran Colombia Gold has signed a letter of intent to spin its Increible (which translates as incredible) Venezuelan assets into Western Atlas Resources for US$20 million in shares.

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Venezuela's president Nicolas Maduro.jpeg

Gran Colombia's subsidiary Medoro Resources International held mining rights to the Lo Increible 4A and Lo Increible 4B concessions near El Callao in Bolivar State.