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GRAN COLOMBIA GOLD ANNOUNCES THE APPROVAL OF THE CONSOLIDATION OF ITS COMMON SHARES

^{Published on 2010-11-10 04:10:32 - Market Wire}
 

 Table 1 - Gran Colombia capital structure (post-consolidation) -------------------------------------------------------------- Common shares 211,956,379 (TSX-V: GCM) Stock options 10,362,500 stock options vested and exercisable at $1.60 per share expiring between August 20 and October 14, 2015. Broker options 1,350,000 broker options. Each broker option enables the holder to acquire one common share at $1.00 per share until April 27, 2012. 10,312,500 broker options. Each broker option, exercisable at $1.60 per unit until August 24, 2012, entitles the holder to acquire one common share and one-half share purchase warrant. Each whole share purchase warrant is exercisable at $2.60 per share until August 24, 2015. Warrants 18,925,000 unlisted share purchase warrants. Each warrant entitles the holder to purchase 0.25 of a common share at $0.10 per warrant until March 19, 2011. Therefore, warrant holders will require four (4) warrants and $0.40 to purchase one (1) common share of the Company. 343,749,995 listed share purchase warrants (TSX-V: GCM.WT). Each warrant entitles the holder to purchase 0.25 of a common share at $0.65 per warrant until August 24, 2015. Therefore, warrant holders will require four (4) warrants and $2.60 to purchase one common share of the Company.