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Aris Gold Completes Soto Norte Joint Venture Investment And Becomes Operator

Apr 12, 2022•over 3 years ago
Vancouver

Description

Aris Gold Corporation (Aris Gold or the Company) (TSX: ARIS) (OTCQX: ALLXF) announces that, further to the Company's news release of March 21, 2022, it has closed the acquisition of a 20% joint venture interest in the Soto Norte gold project in Colombia, with the option to acquire a further 30% interest. Aris Gold has also upsized the existing precious metals stream at the 100%-owned Marmato Mine by $65 million and arranged a $35 million debenture (the Debenture) that is convertible into common shares of Aris Gold at a conversion price of US$1.75 (approximately C$2.211).

Company Information

Company

Aris Gold

Location

Vancouver, Washington, United States

About

Aris Gold will provide a new and informed approach to environmental permitting: Following detailed technical feedback from the Colombian environmental regulatory authority (ANLA) in 2021, drafting of a new Environment and Social Impact Assessment (ESIA) commenced and will include a robust Quality Assurance and Quality Control process for regulatory compliance. In Colombia, Aris Gold operates the 100%-owned Marmato mine, where a modernization and expansion program is under way, and operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new gold mine. Aris Gold is a Canadian mining company listed on the TSX under the symbol ARIS and on the OTCQX under the symbol ALLXF.