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Gran Colombia Marmato spin out by year end

Gran Colombia Gold expects to complete its spin out of the Marmato gold mine and development project in Caldas, Colombia, before year end, CFO Mike Davies said during the company’s third quarter results conference call.

Gran Colombia Marmato spin out by year end Gran Colombia Marmato spin out by year end Gran Colombia Marmato spin out by year end Gran Colombia Marmato spin out by year end Gran Colombia Marmato spin out by year end

Marmato in Caldas, Colombia

The spin out will occur via a reverse takeover of Bluenose Gold, to be renamed Caldas Gold, and a C$10-15 million private placement financing being organised by Scotiabank.