Examples of Gran Colombia Panama in a sentence
However, as a result of the share exchange described above, control of the combined companies passed over to the former shareholders of Gran Colombia Panama.
In accordance with reverse acquisition accounting, the comparative financial information for all periods prior to the RTO transaction represents those of Gran Colombia Panama.
Multifamily residents and property owners Phone and email Ongoing Provide container stickers and signage, educational materials in print and online regarding meeting garbage and recycling requirements, setting up service, adding compost service, motivating new residents and providing ongoing education.
Concurrent with the conversion of the Convertible Note, Gran Colombia Panama, Medoro and JVCo entered into an Exploration, Development and Mine Operating Agreement and Shareholders' Venture Agreement (the "Joint Venture Agreement") setting out the parties' rights and obligations with respect to their ownership in the shares in the capital of the Company.
On August 13, 2010, Gran Colombia Panama completed a brokered private placement (“Second Private Placement”) of subscription receipts for gross proceeds of $263.4 million as described in Note 9(b).
Trading on the TSX Venture Exchange (“TSXV”) of the common shares of the Company under the new symbol “GCM” commenced on August 24, 2010.Legally, the Company is the parent of Gran Colombia Panama.
On August 18, 2010, JVCo used these funds from Gran Colombia Panama to complete the Frontino Acquisition.On August 19, 2010 (the acquisition date), the Principal Amount was converted into such number of shares of the JVCo that resulted in Gran Colombia Panama holding a 95% interest in JVCo with Medoro retaining a 5% interest.
Gran Colombia Panama had issued 8,750,000 seed common shares in early 2010 and had completed two financings in 2010 as follows:• On April 27, 2010, Gran Colombia Panama completed a brokered private placement (“First Private Placement”) pursuant to which 22,500,000 common shares were issued for cash at a purchase price of CA$1.00 per share for gross proceeds, before issue costs, of $22.2 million.
The Joint Venture Agreement included, among other provisions, the back-in right pursuant to which Medoro had the right to increase to a 50% interest in JVCo within one year by paying 50% of all costs, including the acquisition costs, capital costs and a $3.0 million success fee paid by Gran Colombia Panama, from the date of closing of the acquisition up to the date of exercise of such option, plus a premium of 25% of such costs.
In exchange for the subscription receipts, Gran Colombia Panama issued 171,875,000 common shares and 85,937,493 share purchase warrants, each warrant entitling the holder to acquire one common share at CA$2.60 per warrant for a period of five years.