Columbus Gold Corporation

Published : November 07th, 2017

Columbus Gold

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Columbus Establishes Anticipated Dates for ALLEGIANT Spin-Out

Vancouver, BC, Canada, November 7, 2017. Columbus Gold Corp. (CGT: TSX, CBGDF: OTCQX) ("Columbus") is pleased to announce that the Information Circular prepared in connection with the SGM to be held on November 27, 2017 to approve the Allegiant Gold Ltd. (�ALLEGIANT�) spin-out has been mailed to Columbus Gold shareholders and filed on SEDAR together with the financial statements and MD&A of ALLEGIANT for the year ended September 30, 2016 and the nine months ended June 30, 2017.  Shareholders of record on the Share Distribution Record Date will be entitled to receive 1 (one) share of ALLEGIANT for every 5 (five) shares they own of Columbus Gold.  This date is anticipated to be December 11, 2017 but may be later depending upon timing of regulatory approvals.

Only shareholders of record as at the Share Distribution Record Date will be entitled to receive shares of ALLEGIANT in the spin-out.  Shareholders who sell their shares prior to the Share Distribution Record Date will not be entitled to receive shares of ALLEGIANT.

ALLEGIANT owns 14 drill-ready projects in the United States, 11 of which are located in mining-friendly Nevada, and is led by Andy Wallace, who has discovered a number of multi-million-ounce gold mines in Nevada.  ALLEGIANT has announced plans to drill 10 projects within 12 months of listing, including its flagship projects, Eastside and Bolo.  At Eastside, the Original Zone hosts a pit-constrained Inferred resource of 721,000 gold equivalent ounces (35,780,000 tonnes grading 0.63g/t gold equivalent per tonne)1 and remains open to depth, and to the south and west, and possibly to the north and east.  A 14-hole reverse circulation drill program, totaling 2,806 metres, was recently completed at the Bolo gold project.  All of the drill samples have been stored in sealed and wire strapped containers and will be shipped to the lab when the spin-out of ALLEGIANT has been completed.

Qualified Person
Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101, Standards of Disclosure for Mineral Projects, who has reviewed and approved the technical content of this press release and the Information Circular.  

ABOUT COLUMBUS GOLD
Columbus Gold is a leading gold exploration and development company operating in French Guiana, France, and in Nevada. Columbus Gold holds a major interest in the world-class Montagne d�Or gold deposit in French Guiana. A Feasibility Study for Montagne d�Or was filed in May 2017 and Columbus Gold is presently evaluating a number of mine construction financing options. In Nevada, Columbus Gold is advancing its flagship projects, Eastside and Bolo. Columbus Gold recently announced plans to spin-out its subsidiary Allegiant Gold Ltd., with the intent of listing ALLEGIANT on the TSX Venture Exchange.
.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman & CEO

For more information contact:

Investor Relations
(604) 634-0973 or
1-888-818-1364
info@columbusgold.com

This release contains forwarding looking information and statements as defined by law including, without limitation, Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward--looking statements"), respecting Columbus Gold�s plans to spin-out its subsidiary Allegiant Gold Ltd. which is intended to be listed on the TSX Venture Exchange. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by the forward-looking statements including that the spin-out may not be completed as planned or at all due to failure to obtain shareholder or regulatory approval ,the inability to raise sufficient capital to adequately fund Allegiant or a decision of the board of Columbus Gold not to proceed, which decision can be made at any time prior to closing. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and a number of assumptions that may prove to be incorrect, including, without limitation, assumptions about general business and economic conditions, the timing and receipt of required approval and continued availability of capital and financing. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. The foregoing list is not exhaustive and Columbus Gold undertakes no obligation to update any of the foregoing except as required by law.

1: See the NI 43-101 technical report for the Eastside project filed on SEDAR with an effective date of July 25, 2017.

For more information on Columbus Gold go to: www.columbusgold.com Join our Email List




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Data and Statistics for these countries : Canada | France | All
Gold and Silver Prices for these countries : Canada | France | All

Columbus Gold Corporation

DEVELOPMENT STAGE
CODE : CGT.V
ISIN : CA1991711096
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Columbus Gold is a gold development stage company based in Canada.

Columbus Gold develops gold and silver in USA, and holds various exploration projects in USA.

Its main asset in development is SILVER DOME in USA and its main exploration properties are DUTCH FLAT, WINNEMUCCA MOUNTAIN, SUMMIT PROJECT, UTAH CLIPPER, CRESTVIEW, LAURA PROPERTY, WHITE HORSE NORTH, AWAKENING, CHERT CLIFF, OVERLAND PASS, SCRAPER, RED HILLS PROPERTY, PETE'S SUMMIT, GUILD PROJECT, CLARA MORO, FOUR METALS PROPERTY, WHITE CANYON MINE, HUGHES CANYON, GOLDEN MILE, WEEPAH, WHITE HORSE FLATS, DEL ORO, BOLO, EASTSIDE (NEVADA), MILL CANYON (NEVADA) and SPRING in USA and PAUL ISNARD in French Guyana.

Columbus Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 49.3 millions as of today (US$ 34.5 millions, € 31.9 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.89, and its lowest recent point on November 14, 2008 at CA$ 0.10.

Columbus Gold has 142 920 000 shares outstanding.

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In the News and Medias of Columbus Gold Corporation
3/3/2012French Guiana gold deposit reveals stronger legs for Columbu...
Annual reports of Columbus Gold Corporation
Annual Report 2007
Financings of Columbus Gold Corporation
2/2/2009Closes First Tranche of Private Placement
12/18/2008Announces Private Placement
12/12/2008Files Application to Reprice Warrants
Nominations of Columbus Gold Corporation
1/10/2013Appoints Mr. Rock Lefrancois as Chief Operating Officer
3/29/2011Makes Senior Management Appointments; Wallace President, Ken...
1/25/2011Appointment of Akbar Hassanally as Chief Financial Officer
7/7/2008APPOINTS NEW DIRECTOR
Project news of Columbus Gold Corporation
7/27/2016Granted Permits Covering Potential Extensions of
1/18/2012Invite - Columbus Gold - Vancouver Resource Investment Confe...
6/30/2011(Paul Isnard)Closes Transaction to Acquire 1.9 Million Inferred Oz. Paul ...
6/1/2011(Hughes Canyon)Acquires Hughes Canyon Gold Project in the Stillwater Range,...
5/26/2011(Paul Isnard)Acquisition of 1.9 Million Oz. Paul Isnard Gold Project Appr...
5/17/2011(Eastside (nevada))New Gold Discovery: Columbus Gold Intersects 2.42 g/t Gold O...
5/9/2011(Stevens Bassin)Drilling Commences at Stevens Basin Gold Project, Nevada
4/28/2011(Paul Isnard)Plans Drilling at Paul Isnard 1.9 Million Oz. Gold Project
4/7/2011(Weepah)Encounters Additional Gold Intercepts in Drilling at Weepah ...
3/9/2011(Eastside (nevada))Columbus Gold Commences Drilling at Eastside Gold Project, N...
2/14/2011(Paul Isnard)Completes Due-Diligence Regarding the Acquisition of 1.9 M O...
1/31/2011(Weepah)Columbus Gold Encounters Gold in 4 of 5 Initial Drill Holes ...
2/4/2011(Summit Project)(angl) Newmont to Acquire Fronteer & Long Canyon Project Loc...
1/17/2011(Paul Isnard)Columbus Gold
1/13/2011(Weepah)Columbus Gold Begins Drilling at the Weepah Property, Nevada
1/13/2011(Weepah)Begins Drilling at the Weepah Property, Nevada
1/13/2011(Paul Isnard)NI 43-101 Technical Report on Resources
12/9/2010(Weepah)Columbus Gold
12/7/2010(Guild Project)Columbus Gold
12/3/2010(Paul Isnard)Columbus Gold to Acquire 2 Million Oz. Gold Deposit
2/5/2009(Summit Project)Announces Drilling Results at Nevada Gold Projects
11/19/2008(Scraper)Drilling Commences at Columbus Gold's Scraper Project
8/13/2008(Awakening)Completes Drilling at Awakening and Commences Phase II Drill...
7/8/2008(Chert Cliff)DRILLING COMMENCES ON COLUMBUS GOLD'S CHERT CLIFF PROPERTY
6/25/2008(Awakening)COMMENCES DRILLING AT AWAKENING
2/13/2008(Bolo)Announces Phase 1 Drill Results From Bolo
Corporate news of Columbus Gold Corporation
4/1/2017Columbus Gold Announces Voting Results of its Annual Meeting
1/13/2016Columbus Receives US$6 Million for a 5% Minority Interest in...
1/5/2016Columbus Gold to List on the Toronto Stock Exchange
12/31/2015Columbus Gold to List on the Toronto Stock Exchange
12/30/2015Columbus Commences Study to Connect Montagne d'Or Gold Proje...
12/23/2015Columbus Gold Farms-Out Mogollon Project
12/15/2015Caesars Report's Thibaut Lepouttre Interviewed by The Gold R...
12/11/2015Columbus Gold Adds Fourth Drill Rig at Montagne d'Or Gold De...
12/11/2015Columbus Drills 40.0 Meters of 1.95 g/t Gold at Montagne d'O...
12/11/2015France Issues Operating Permit for Gold Cyanide Plant in Fre...
12/10/2015Columbus Drills 40.0 Meters of 1.95 g/t Gold at Montagne d'O...
12/8/2015France Issues Operating Permit for Gold Cyanide Plant in Fre...
12/3/2015Columbus Gold Adds Fourth Drill Rig at Montagne d'Or Gold De...
11/10/2015Columbus Gold Provides Details of Annual General Meeting
10/16/2015Columbus Gold to Complete Feasibility Study at Montagne d'Or...
9/22/2015Columbus Gold Drills 152.4 Meters of 0.71 gpt Gold, Includin...
9/14/2015Columbus Gold Corp. breached its 50 day moving average in a ...
9/9/2015Columbus Gold Corp. Earnings Q3, 2015
8/4/2015Columbus Gold Files Final PEA Report on Montagne d'Or Gold D...
7/28/2015Columbus Gold Advancing to Feasibility Study Stage at Montag...
7/14/2015Columbus Gold Provides Update on Eastside Gold Project Drill...
7/8/2015Columbus Gold Announces Positive PEA Results on Montagne d'O...
6/30/2015Columbus Gold Starts Phase III Drill Program on Montagne d'O...
6/25/2015Second Rig Commences Drilling at Columbus Gold's Eastside Go...
6/11/2015Columbus Gold Commences Drillingat Eastside Gold Project in ...
6/8/2015Columbus Gold Receives Drilling Permit for Eastside Gold Pro...
6/5/2015Columbus Gold Files Technical Report on its Paul Isnard Gold...
5/21/2015Columbus Gold Named to 2015 OTCQX Best 50
5/21/2015Named to 2015 OTCQX Best 50
5/19/2015Columbus Gold Completes $2 Million Private Placement
4/21/2015IIROC Trading Resumption - CGT
4/21/2015Columbus Gold Announces In-Pit Gold Resource of 3.8 M oz. In...
4/21/2015IIROC Trading Halt - CGT
3/30/2015Columbus Gold Outlines Two Additional Targets at Nevada East...
3/12/2015Columbus Gold Provides Project Update and Remaining Phase II...
3/10/2015Columbus Gold Drills 34.2 Meters of 2.16 g/t Gold at Western...
3/3/2015Additional Metallurgical Tests at Columbus Gold's Montagne d...
3/2/2015Columbus Gold to Obtain Mogollon Project
2/25/2015Columbus Gold Drills 142.2 Meters of 1.21 g/t Gold Including...
2/12/2015TSX Venture Exchange Ranks Columbus Gold in Top 10
2/10/2015Columbus Gold Drills 129.6 Meters of 1.11 g/t Gold At the Mo...
2/4/2015Columbus Gold Announces US$6.5 Million Exploration Program f...
1/22/2015IIROC Trading Resumption - CGT
1/22/2015French Government Does Not? Object to Columbus Gold's Agreem...
1/22/2015IIROC Trading Halt - CGT
1/13/2015Columbus Gold Drills 13.3 Meters of 7.12 g/t Gold at the Mon...
1/8/201595% Gold Recoveries From Metallurgical Tests at Columbus Gol...
12/16/2014Columbus Gold Drills 1.59 g/t Gold Over 95.4 Meters at Monta...
11/26/2014Columbus Gold Completes 25,570 Meter Phase II Drill Program ...
11/20/2014Columbus Gold Receives Additional Newsletter Writer Coverage
11/19/2014Columbus Gold Completes Environmental Baseline Field Studies...
10/28/2014Columbus Gold Drills 10.6 Meters of 5.23 g/t Gold at Montagn...
1/16/2014Columbus Gold
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10/17/2013Columbus Gold
10/17/2013Drills 1.82 g/t Over 27 Meters at Eastside Gold Discovery in...
9/25/2013Columbus Gold
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9/12/2013Forms French Advisory Board
5/21/2013Columbus Gold
5/21/2013Receives $5 Million from Royalty Sale
4/19/2013Columbus Gold
4/10/2013Columbus Gold
3/27/2013Columbus Gold
3/15/2013Columbus Gold
3/15/2013(Paul Isnard)Files National Instrument 43-101 Compliant Technical Report ...
2/26/2013Columbus Gold
2/26/2013Completes AGM
2/5/2013Columbus Gold
1/10/2013Columbus Gold
12/14/2012Columbus Gold
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11/22/2012(Paul Isnard)Drills 53 Metres of 4.37 gpt Gold at Paul Isnard, French Gui...
10/29/2012Columbus Gold
6/14/2012Columbus Gold
5/31/2012Invite - Columbus Gold - Vancouver World Resource Investment...
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12/17/2010Cordex Extends Agreement With Columbus Gold
12/15/2010Columbus Gold
11/18/2010Announces New President; Robert Giustra Promoted to Chairman
9/28/2010Columbus Gold
3/4/2010Acquires Three New Nevada Gold Projects
11/13/2008News Release
10/10/2008Drilling Commences at Columbus Gold's Summit Project
9/22/2008Columbus Silver Completes IPO
7/3/2008Starts 6,000-Metre Drill Program in the Dominican Republic
5/12/2008CORPORATE UPDATE
5/6/2008be featured on CNBC
5/5/2008Spin Out Silver Properties in IPO
5/2/2008ACQUIRES NEVADA GOLD PROPERTY; DRILLING PERMITED
3/7/2008Carrelton Asset Management Increases Stake in Columbus Gold ...
11/1/2007 Commences Drilling At Its Bolo Gold Project In Nevada
10/5/2007Phase 2 Drill Program Commences at Dutch Flat
9/25/2007Options Nevada Property To Ventura Gold
9/20/2007Newmont Farms Into Columbus Gold Nevada Gold Property
8/17/2007(Audio) Radio Interview with Columbus Gold President & CEO R...
6/11/2007Agnico Eagle Enters Into Us$3 Million Joint Venture Agreemen...
5/2/2007Receives Phase I Drill Results From Overland Pass
3/19/2007Drilling Commences At Columbus Gold'S Four Metals Project
3/21/2007Gold And Cordex Extend Exclusive Agreement
2/23/2007Drilling Expands Dimensions Of Gold Deposit At Golden Mile
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TSX-V (CGT.V)OTHER OTC (CBGDF)
0.345+0.00%0.590+1.72%
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