Sandspring Resources Receives Shareholder Approval for Gran Colombia Gold Corp. as a "Control Person"


DENVER and VANCOUVER, British Columbia, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (“Sandspring” or the “Company”) announces that the Company has received shareholder approval at its annual general meeting for Gran Colombia Gold Corp. (“Gran Colombia”) as a “Control Person” of the Company.  Gran Colombia was issued 5,200,000 Subscription Receipts (“Receipt”) as part of its participation in the June 12, 2019 placement.  The Receipts automatically converted upon the Company receiving shareholder approval.  Each “Receipt” is convertible into one common share and one share purchase warrant entitling them to purchase one additional share at C$0.165 until June 12, 2024.  Upon conversion, Gran Colombia now owns 58,500,000 common shares and 37,000,000 share purchase warrants of the Company.

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About Sandspring Resources Ltd.

Sandspring Resources Ltd. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated July 18, 2019 completed by SRK Consulting (U.S.), Inc.,) (the “PEA”) available on SEDAR ( and on the Company’s website ( Sandspring also holds a 100% interest in the Chicharrn Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at or by email at