Toronto, Canada based Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it has signed a definitive agreement to complete a business combination with Gold X Mining Corp. (TSXV: GLDX, OTCQX: SSPXF) and that it has submitted a proposal to Guyana Goldfields Inc. (TSX:GUY) to acquire all of its issued and outstanding common shares. The three way merger is contingent upon the successful concurrent acquisition of Guyana Goldfields, and the proposal to Guyana Goldfields is conditional on the concurrent acquisition of Gold X.
Serafino Iacono, Executive Chairman of Gran Colombia, stated: “We are excited to present this opportunity to all the shareholders of Gran Colombia, Guyana Goldfields and Gold X. It is extremely rare to come across a transaction that can unlock significant tangible synergies outside of simply consolidating head offices. Not only does this transaction unlock meaningful value for all shareholders, but it creates a new Latin American gold champion with Latin American operators and mine builders. We will use our unique skill set to continue to grow Gran Colombia and create substantial value for all shareholders. We look forward in the coming weeks to present our vision to shareholders and demonstrate the superior value that our proposed merger possesses.”
https://www.financecolombia.co...ldfields-and-gold-x/