Transactions

Transactions

Overview

Wildeboer Dellelce Advises Caldas Gold Corp. from RTO to Change in Management and Board

February 24, 2021

Aris Gold Corporation (TSX-V: CGC) (OTCQX: ALLXF) on February 4, 2021 closed the previously announced $85 million private placement subscription receipt offering by Caldas Gold Corp. following formal receipt of a 30-year mine licence extension for the Marmato mine in Colombia. In connection with the closing of the $85 million private placement, Caldas Gold Corp. has been renamed Aris Gold Corporation and a new board of directors and management team are in place. In addition, the net proceeds from the $85 million private placement and the US$83 million of gold-linked note offerings have been released from escrow, which will be used to increase gold production and fund the Marmato mine expansion.

Aris Gold’s common shares and warrants also commenced trading on the Toronto Stock Exchange on February 12, 2021 under the symbols “ARIS” and “ARIS.WT”.

Wildeboer Dellelce LLP represented Caldas Gold Corp. (now Aris Gold Corporation) from its original spin-out from Gran Colombia Gold Corp. by way of a reverse takeover transaction through a series of financings (including a gold and silver streaming transaction) in which the Company raised in excess of $300 million, ultimately culminating in the transaction that resulted in its change into Aris Gold Corporation. Wildeboer Dellelce personnel who worked with Caldas on its successful journey included Perry Dellelce, James Brown, Peter Volk, Patricia Good, Jeff Bookman, Melissa Smith, Julian Lupo, Brendan Wu and Victoria Allen (corporate/securities), Katy Pitch, Richard Lewin and Marija Tasevska (tax), James Padwick and Penny Adams-Marchetti (debt) and Tommy Sorbara and Jacqueline Daubney (real estate).