Gold resource corporation announces ownership interest in green light metals inc. upon promissory note conversion into common shares

Denver--( business wire )--gold resource corporation (nyse american: goro) (the “company”) announces that its wholly-owned indirect subsidiary aquila resources usa inc. (“aquila usa”) has received 12,250,000 common shares of green light metals inc. (“green light”). the shares were issued upon the conversion at maturity of a non-interest bearing promissory note of green light in the principal amount of c$4.9 million (the “green light note”) dated october 4, 2021, as amended. the shares were issued on december 28, 2022 at a conversion price of c$0.40 per share, and represent approximately 28.51% of the issued and outstanding shares of green light.
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