Sandspring Resources Receives Shareholder Approval for Gran Colombia Gold Corp. as a "Control Person"
November 6, 2019 -- Denver, Colorado and Vancouver, British Columbia -- Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) ("Sandspring" or the "Company") announces that the Company has received shareholder approval at its annual general meeting for Gran Colombia Gold Corp. ("Gran Colombia") as a "Control Person" of the Company. Gran Colombia was issued 5,200,000 Subscription Receipts ("Receipt") as part of its participation in the June 12, 2019 placement. The Receipts automatically converted upon the Company receiving shareholder approval. Each "Receipt" is convertible into one common share and one share purchase warrant entitling them to purchase one additional share at C$0.165 until June 12, 2024. Upon conversion, Gran Colombia now owns 58,500,000 common shares and 37,000,000 share purchase warrants of the Company.