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GCM Mining Shareholders Approve Proposed Arrangement With Aris Gold

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GCM Mining Shareholders Approve Proposed Arrangement With Aris Gold






GCM Mining Corp. (TSX: GCM) (OTCQX: TPRFF) announced that its shareholders have voted in favour of the previously announced plan of arrangement with Aris Gold Corporation at today’s special meeting of shareholders.


At the Meeting, 30,452,708 shares were voted, representing approximately 31.19% of the issued and outstanding shares of GCM Mining, as detailed in the table below.


# % # %
29,577,593 97.13% 875,115 2.87%


Aris Gold has confirmed that it has also received approval from its shareholders at a special meeting held earlier today to proceed with the plan of arrangement.


The transaction is expected to close on September 26, 2022, subject to the satisfaction or waiver of certain customary closing conditions. Following closing, the Company will continue under the name Aris Mining Corporation. Aris Mining will be a gold producer with two producing mines, two advanced development projects, and an advanced stage exploration project in the Americas.


About GCM Mining


GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada – Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).


Posted September 20, 2022

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