Gran Colombia Gold Completes Acquisition of Approximately 19.89% Interest in Western Atlas; Signs Definitive Agreement With Respect to Venezuelan Opportunity
(WorldNews Business)

TORONTO, Oct. 09, 2019 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (`Gran Colombia` or the `Company`) (TSX: GCM, OTCQX: TPRFF) announced today that it has completed its previously announced acquisition of a 19.89% equity investment in Western Atlas Resources Inc. (`Western Atlas`) (TSX-V: WA) through the first tranche of a non-brokered private placement (the `Private Placement`) completed today by Western Atlas. Western Atlas intends to use the proceeds of the Private Placement for a drilling program at its Meadowbank Project, seeking restitution of the Increible Project in Venezuela (as described further below) and general and administrative purposes. The first tranche of Western Atlas`...