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TORONTO, May 27, 2021 (GLOBE NEWSWIRE) -- Gold X Mining Corp. (TSXV: GLDX) ("Gold X") is pleased to announce that, at the special meeting (the "Meeting")...

Capital markets re-rating opportunity Benefits to Gold X Shareholders Significant premium (44% based on Gold X's 20-day VWAP as of March 12, 2021 on the TSXV) Increased balance sheet strength, access to capital and free cash flow to fund development Continued exposure to upside at the Toroparu Gold Project Diversified ownership in Gran Colombia's world-class Segovia Gold Mine Access to Gran Colombia's in-house development and operational capabilities Gran Colombia's monthly dividend Significant improvement in trading liquidity and greater capital markets exposure Transaction Conditions & Timi...

Gran Colombia offers $252m in friendly, all-share offer for Gold X Potential pit area at Toroparu gold project in Guyana. Image from Gold X. Gran Colombia Gold (TSX: GCM) is acquiring Gold X Mining (TSXV: GLDX) in an all-share deal valued at C$315 million ($252.5 million), after a three-way merger proposal that included Guyana Goldfields was scuttled last year by China’s Zijin Mining. The combination of assets – Gran Colombia’s producing Segovia operations and Gold X’s Toroparu advanced gold project in Guyana – would create a new “Latin American-focused growth platform.” Sig...

Gran Colombia Gold (TSX: GCM) is acquiring Gold X Mining (TSXV: GLDX) in an all-share deal valued at $315 million, after a three-way merger proposal that included Guyana Goldfields was scuttled last year by The combination of assets – Gran Colombia’s producing Segovia operations and Gold X’s Toroparu advanced gold project in Guyana – would create a new “Latin American-focused growth platform.” Highlights of the transaction include an enhanced balance sheet and access to capital (the combined company would have $100 million in cash), and greater market visibility and interest. ...