TORONTO, Feb. 5, 2015 /PRNewswire/ - Gran Colombia
Gold Corp. (TSX: GCM, OTC: TPRFF) announced today that it has sent
US$1,058,062 to the trustee to fund
the monthly interest payments that will be made on February 27, 2015 on its Senior Secured
Gold-Linked Notes due 2017 and its Senior Unsecured Silver-Linked
Notes due 2018. This represents interest payments of approximately
US$7.67 and US$3.70 per US$1,000 face value of the Gold-Linked and
Silver-Linked Notes, respectively. As previously announced, the
Company is resuming its monthly interest payments on the
Gold-Linked Notes, and commencing monthly interest payments on its
Silver-Linked Notes, as it continues to work with its financial
advisor to resolve the current default on the Gold-Linked and
Silver-Linked Notes.
About Gran Colombia Gold Corp.
Gran Colombia is a
Canadian-based gold and silver exploration, development and
production company with its primary focus in Colombia. Gran Colombia is currently the largest underground
gold and silver producer in Colombia with several underground mines in
operation at its Segovia and Marmato Operations. Gran Colombia is currently advancing a project to
develop a modern, large-scale, gold and silver mine at its Segovia
operations.
Additional information on Gran Colombia can be found on its
website at www.grancolombiagold.com and by reviewing its profile on
SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information",
which may include, but is not limited to, statements with respect
to the future financial or operating performance of the Company and
its projects and, specifically, statements concerning anticipated
growth in annual gold production and reduction of cash costs.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or variations (including negative
variations) of such words and phrases, or state that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Gran Colombia to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Factors that could cause actual results
to differ materially from those anticipated in these
forward-looking statements are described under the caption "Risk
Factors" in the Company's Annual Information Form dated as of
March 31, 2014, which is available
for view on SEDAR at www.sedar.com. Forward-looking statements
contained herein are made as of the date of this press release and
Gran Colombia disclaims, other than as required by law, any
obligation to update any forward-looking statements whether as a
result of new information, results, future events, circumstances,
or if management's estimates or opinions should change, or
otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking statements.
SOURCE Gran Colombia Gold Corp.