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GCM Mining to Acquire Canadian Miner Aris Gold.

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Vincent

MANews-(C)2009-2022

Latin American gold producer GCM Mining Corp. (TSX: GCM) (OTCQX: TPRFF) has agreed to acquire all the outstanding shares of Canada based mining company Aris Gold Corp. (TSX: ARIS) (OTCQX: ALLXF) not already held by GCM, the company said.

The resulting entity will be named Aris Gold Corp., and will create a company with multiple tier one assets.

The company will enhance its gold mining business with scale, cash flow, a strong financial position with USD 397m of cash and USD 260m of additional committed funding, and a growth pipeline.

Under the terms of the transaction, all the outstanding Aris Gold shares not held by GCM will be exchanged at a ratio of 0.5 of a common share of GCM for each common share of Aris Gold.

The combined group will have a balanced mix of production, development, and exploration assets across the Americas with proven and probable mineral reserves of 3.8m ounces of gold, measured and indicated mineral resources of 18.3m ounces of gold, inclusive of mineral reserves, and inferred mineral resources of 7.7m ounces of gold.

GCM Mining Corp. is a mid-tier...

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