Gran Colombia Gold Announces TSX Approval of Normal Course Issuer Bid for Its 2020 Debentures

TORONTO, ON--(Marketwired - July 19, 2017) - Gran Colombia Gold Corp. (TSX: GCM) announced today that the Company will be continuing the normal course issuer bid ("NCIB") for its Senior Secured Convertible Debentures due 2020 (the "2020 Debentures"). The 2020 Debentures currently trade on the TSX under the trading symbol GCM.DB.V.The Company has received approval from the Toronto Stock Exchange (the "TSX") to continue its NCIB for another 12-month term, commencing July 21, 2017 and have it remain open until the earlier of July 20, 2018 or the date on which the Company has purchased the maximum amount permitted. Under the terms of the NCIB the Company will have the right to purchase for cancellation up to a maximum of US$5,246,278 aggregate principal amount of 2020 Debentures through the facilities of the TSX or alternative Canadian trading systems. This amount represents approximately 10% of the public float of the 2020 Debentures issued and outstanding as of July 12, 2017, determined in accordance with the applicable rules of the TSX. As of the date hereof, the aggregate principal amount issued and outstanding 2020 Debentures is US$52,462,786.