Gran Colombia Resources Receives Receipts for Final Prospectus Bolivar Goldfields Ltd. Updates Shareholding in Gran Colombia Resources.TORONTO--(BUSINESS WIRE)--Sept. 30, 1996--GRAN COLOMBIA (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. GCRI GCRI general collective routing indicator (RI) (US DoD) .) BOLIVAR (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BVG BVG Bundesverfassungsgericht (highest German court) BVG Bureau du Vérificateur Général du Canada (auditor general) BVG Best Value Guarantee BVG Berliner Verkehrs Gesellschaft BVG Borrowdale Volcanic Group .) Gran Colombia Resources Inc. today announced that it had received receipts for its final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. dated September 25, 1996 from the securities administrators of Ontario, Alberta, British Columbia and Quebec. The prospectus qualified for distribution 700,000 "1995 Units" comprising 700,000 common shares and 350,000 share purchase warrants, 1,145,000 "March 1996 Units" comprising 1,259,500 common shares and 629,750 share purchase warrants, and 4,500,000 "June 1996 Units" comprising 4,500,000 common shares and 2,250,000 share purchase warrants. All of the units will be issued without additional consideration upon the exercise of special warrants which will be deemed to have been automatically exercised within 5 business days or less, depending on the unit, after the receipts for the final prospectus have been issued. Upon the issuance of the common shares of Gran Colombia comprising part of the 1995 Units, the March 1996 Units and the June 1996 Units, Gran Colombia will have 34,799,821 issued and outstanding shares, of which Bolivar Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. Ltd. ("BVG":TSE), Gran Colombia's largest shareholder, will own 10,175,000 common shares, or approximately 29.24%. Bolivar will continue to hold these shares for investment purposes and may increase or decrease its interest in the future as market conditions dictate. CONTACT: Gran Colombia Resources Messrs. Serafino Iacono, 416/955-4554 416/955-1206 (FAX) or Gran Colombia Resources Inc. Steven A. Dawson, 416/955-4552 416/955-1206 (FAX) |
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