|Bid||0.1800 x 0|
|Ask||0.1850 x 0|
|Day's Range||0.1850 - 0.1850|
|52 Week Range||0.1500 - 0.3500|
|Beta (3Y Monthly)||0.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.20|
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today that has increased its equity position in Sandspring Resources Ltd. (“Sandspring”) (TSX-V: SSP, OTCQX: SSPXF) to 19.96% through a non-brokered private placement (the “Private Placement”) completed today by Sandspring. Sandspring intends to use the proceeds of the Private Placement to continue work on the re-scoping of the Toroparu Project, additional exploration at its Chicharron Project and for general working capital. On June 4, 2019, Sandspring announced positive results of a preliminary economic assessment for its Toroparu Project and the next stage of development will encompass completion of a feasibility study for the project.
Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (“Sandspring” or the “Company”) is pleased to announce that it has completed a non-brokered private placement of 26,801,000 units (each, a “Unit”), and 5,200,000 subscription receipts (each, a “Receipt”), at a price C$0.125 per Unit and Receipt, for gross proceeds of C$4,000,125. Each “Unit” issued in the placement consists of one common share and one share purchase warrant entitling the holder to purchase one additional share at C$0.165 for a period of sixty (60) months. The placement was fully subscribed and included an investment from Gran Colombia Gold Corp. (“Gran Colombia”) in the amount of C$2,000,000. The Receipts were issued to Gran Colombia as part of its participation in the placement. Each “Receipt” will automatically convert into a Unit upon the Company receiving shareholder approval for the creation of Gran Colombia as a “control person” of the Company. In the event the Receipts have not converted into Units prior to December 31, 2019, Gran Colombia will be entitled to a refund of the proceeds received from the Receipts, $650,000, along with annual interest at the rate of five percent. The Company intends to seek shareholder approval for the creation of Gran Colombia as a “control person” at its annual general meeting to be held later in the year.
DENVER and VANCOUVER, British Columbia, June 04, 2019 -- Sandspring Resources Ltd. (TSX Venture: SSP, OTCQX: SSPXF) (“Sandspring”, or the “Company”) is pleased to announce.
Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (the “Company”) is pleased to announce that due to strong investor interest, the Board of Directors of the Company has approved an increase in the amount of its non-brokered private placement. Completion of the private placement remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period.
Sandspring Resources Ltd. (SSP: TSX-V / SSPXF: OTC) (“Sandspring” or the “Company”) announces a non-brokered private placement of 24,000,000 units (the “Units”) at a price of $0.125 per Unit for gross proceeds of up to $3,000,000. Each Unit consists of one common share of the Company (“Share”) and one share purchase warrant entitling the holder to purchase one Share at $0.165 for a period of five years from the date of issuance (“Warrant”). It is anticipated that insider Gran Colombia Gold Corp. will purchase approximately two thirds of the private placement subject to TSX Exchange approval. The Company intends to use the proceeds to continue work on the re-scoping of the Toroparu Project, additional exploration at its Chicharron Project and for general working capital.
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Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (“Sandspring” or the “Company”) is pleased to announce the delineation of three new mineralized vein structures in its Chicharrón Project area in Colombia. As set out in the Company’s press release of December 19, 2018, the Company is conducting a drilling program on its 100% owned Chicharrón silver-gold project located in Segovia, Antioquia, Colombia, within Gran Colombia Gold, Ltd.’s gold mining concessions. The program contemplates a 10-20-hole diamond drilling program to an average depth of approximately 100m from surface in areas extending the strike length to the northeast and southwest of the historical underground workings and across the faulted zone to the north.
Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (“Sandspring” or the “Company”) is pleased to announce the advancement of a Preliminary Economic Assessment (“PEA”) defining the re-scoping of its flagship Toroparu Project in Guyana, S.A. and the execution of an amendment to the Precious Metals Purchase Agreement with Wheaton Precious Metals International Ltd. (“Wheaton”) extending the due date for completion of a Final Feasibility study on the Toroparu Project to December 31, 2019. The re-scoping study of the Toroparu Project, conducted by SRK Consulting (U.S.), Inc. (“SRK”), includes a revised operating plan that utilizes the additional resources identified in the updated Mineral Resource Estimate for the Toroparu Project (Press Release of September 26, 2018).
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today that has completed the purchase of an additional 2,500,000 common shares in Sandspring Resources Ltd. (”Sandspring”) (TSX-V: SSP, OTCQX: SSPXF) at a price of CA$0.28 per share in a private transaction (the “Transaction”) for total cash consideration of approximately US$528,000. The additional shares were acquired for investment purposes and Gran Colombia has no present intention to dispose of or acquire further securities of Sandspring, although the Company may in the future acquire or dispose of securities of Sandspring, through the market, privately or otherwise, as circumstances or market conditions warrant. Through completion of the Transaction, Gran Colombia has increased its holdings in Sandspring to an aggregate of 37,500,000 common shares and 16,000,000 share purchase warrants. Each share purchase warrant entitles the Company to purchase one additional share of Sandspring at CA$0.40 for a period of sixty (60) months.
As press released on December 19, 2018, the Company is conducting a drilling program on its 100% owned Chicharrón silver-gold project located near Segovia, Antioquia, Colombia. At Toroparu, our flagship gold project located in Guyana, work by SRK Consulting (USA) on the re-scoping study continues. The goal of the study work is to establish the basis to move Toroparu forward to development even if gold prices remain at current levels. Sandspring has commenced discussions with Wheaton Precious Metals regarding the re-scoping study and work done to date. The Company has entered into an arm’s length investor relations agreement (the “IR Agreement”) with Future Money Trends, LLC and affiliates (“FMT”), a limited liability company existing under the laws of the State of Texas with an office at 1102 S. Austin Ave, #110-283, Georgetown, Texas, USA. FMT is headed by Kenneth Ameduri, a media investor relations specialist in the natural resources sector. To the knowledge of the Company, neither FMT nor its principals own any securities of Sandspring.
Sandspring acquired the Chicharrón Gold Project in July of 2018 in a transaction that included Gran Colombia Gold (“Gran Colombia”). Gran Colombia produces gold from the “Segovia Operations”, an area of approximately 9,000 hectares in the Segovia-Remedios mining district of Colombia. Segovia’s high-grade mines have been in continuous operation for over 150 years and have produced over 5 million ounces of gold.