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Gran Colombia Gold
US$300m

Canaccord Genuity Acts as Joint Lead Manager and Bookrunner to Gran Colombia on its Debut Issuance of Senior Unsecured Debt

Canaccord Genuity is pleased to announce that on August 9, 2021, Gran Colombia Gold Corp. (“Gran Colombia” or the “Company”) (TSX:GCM; OTCQX:TPRFF) completed its oversubscribed offering of US$300 million in senior unsecured notes due 2026 at a coupon rate of 6.875% (the “2026 Notes”) pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended.

Founded in 2010, Gran Colombia is a Canadian-based mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer, operating in the world class, multi-million-ounce high-grade Segovia RPP Title (the ‘Segovia Operations’). The Segovia Operations, an area of approximately 9,000 hectares, is made up of a group of several mines, that has been producing gold for more than 150 years, with expected mine life opportunity remaining, exhibited by robust results from the Company’s 2021 drilling program. The Company gained 100% ownership of the Toroparu gold project (“Toroparu”) located in Guyana through its acquisition of Gold X Mining Corp. in June 2021, for which Canaccord Genuity acted as exclusive financial advisor to Gran Colombia. Toroparu is one of the largest and substantially de-risked gold development projects in the Americas with total resources of 10.5 Moz Au, significant exploration potential and key permits in place.

The proceeds from the 2026 Notes will be used to (i) fund development of the Company’s Guyana operations, (ii) prepay remaining Gold-Linked Notes and (iii) for general corporate purposes. The 2026 Notes have been assigned a rating of B+ by S&P Global Ratings and B+ by Fitch Ratings.

The Canaccord Genuity team comprised Eugene McBurney, Maximiliano Valera, Jennifer Pardi, Harry Wool, Matt Reimer and Hernan Martinez.

Lead Transaction Banker

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