Wildeboer Dellelce acts for GCM Mining in the Acquisition of Aris Gold

July 25, 2022

GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (TSX: ARIS; OTCQX: ALLXF) have entered into an arrangement agreement pursuant to which GCM will acquire all of the outstanding shares of Aris Gold (not already owned by GCM) at an exchange ratio of 0.5 of a common share of GCM for each common share of Aris Gold.

GCM is a Canadian-based gold producer with a proven track record of mine building and operating in Latin America. In Colombia, GCM is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, GCM is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Aris Gold is a Canadian mining company that operates the 100%-owned Colombian Marmato Mine that is undergoing further expansion, the Soto Norte joint venture in Colombia and the Juby exploration project in the Abitibi Greenstone belt of Ontario, Canada.

The combined enterprise will have combined cash and committed funding of about US$657 million and broadened opportunities as it builds a +1 million ounce produce over the next few years.

Wildeboer Dellelce is representing GCM Mining Corp. as legal counsel in connection with the arrangement with a team comprising Perry Dellelce, Peter Volk, Natalie Tershakowec, Julian Lupo and Maria Nikitouchkin (Corporate Finance and Securities/Mergers and Acquisitions).