COLORADO SPRINGS � June 30, 2016 � Gold Resource Corporation (NYSE MKT: GORO) (the �Company�) announced today as required by Canadian securities regulations that it has disposed of certain common shares it previously indirectly held of Canamex Resources Corp. (�Canamex�)(TSX.V:CSQ). The Company initially reported the acquisition of 22,222,222 common shares in the capital of Canamex in February 2014 which, at the time, represented approximately 18.4% of the issued and outstanding common shares of Canamex. Since the initial report, the Company has periodically reviewed its holding and, based on its stated investment objectives, has periodically sold common shares of Canamex.
On June 28, 2016, the Company sold an aggregate of 400,000 common shares at a price of $0.0427 per common share for total consideration of $17,080. As a result of these sales, together with all previous sales by the Company of common shares of Canamex, the Company now holds 13,262,222 common shares of Canamex being approximately 9.96% of the issued and outstanding common shares of Canamex.
The shares of Canamex are held by the Company for investment purposes. It remains the Company�s intention to evaluate its investment in Canamex on a continuing basis, and such holdings may be increased or decreased in the future as it may determine appropriate for investment purposes. The Company does not have any plans or future intentions with respect to completing a corporate transaction with Canamex or any of its subsidiaries or with respect to a solicitation of proxies from securityholders of Canamex or completing any similar transaction. |