Aris Gold cannot predict with any certainty whether its active investor relations and outreach program, a summary of which is provided below, or its new corporate branding, disclosed growth strategy, investor marketing programs or activities, may have materially affected the recent trading activity in the Company’s common shares.
Since February 4, 2021 the Company has also attended a number of mining investment conferences including the BMO Global Metals and Mining Conference and the Red Cloud Pre-PDAC Conference in March, and the World Gold Forum during the second week of April.
Red Cloud also published a research report on Aris Gold on April 5, 2021 which summarized the Company’s annual financial results and was exclusively distributed to Red Cloud’s client base which includes over 300 institutional accounts, 1,500 retail brokers, 150 private equity groups and 250 strategic mining investors.
On April 15, 2021, Wealth Research Group, through other third-party service providers, commenced a one-time media campaign that includes written materials containing information from Aris Gold’s public filings and publicly available investor presentation, together with discussions with management about the Company and its strategy.
In addition, Aris Gold retained Renmark Financial Communications, a full-service investor relations firm representing small, medium and large cap public companies trading on all major North American exchanges.
The financing was announced by the Company on November 23, 2020 and was priced at C$2.25 per unit with each unit comprised of one common share of the Company and one common share purchase warrant convertible to one common share at a price of C$2.75 until July 29, 2025.
Each special warrant entitles the holder thereof to receive one unit of the Company on the exercise or deemed exercise of the special warrant, with each unit comprising one common share of the Company and one common share purchase warrant convertible to one common share of the Company until July 29, 2025 at a price of C$2.75 per common share .
Following an inquiry with management, the directors, and control persons, Aris Gold can confirm that other than participation of certain directors and officers in the above-described C$85 million financing, none of its officers, directors or shareholders owning 10% or more of the Company’s securities, have bought or sold shares since February 4, 2021 when the new board of directors and management team were appointed.
Aris Gold routinely responds to inquiries from shareholders, potential investors and investment analysts and prepares its own investor relations materials.
Aris Gold operates the Marmato mine in Colombia, where a modernization and expansion program is underway, and the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada.