July 19 (Reuters) - Gran Colombia Gold Corp GCM.TO :
* GRAN COLOMBIA GOLD INCREASES INTEREST IN WESTERN ATLAS RESOURCES TO APPROXIMATELY 25.8%
* GRAN COLOMBIA-INCREASED INTEREST BY 25.8% THROUGH A NON-BROKERED PRIVATE PLACEMENT COMPLETED ON JULY 17, 2020 BY WESTERN ATLAS
* COMPRISED A TOTAL OF 35,900,000 UNITS (EACH, A "UNIT") AT A PRICE OF CA$0.10 PER UNIT
* PRIVATE PLACEMENT INVOLVED SALE OF BOTH FLOW-THROUGH UNITS AND NON-FLOW-THROUGH UNITS
* COMPANY PURCHASED 14,000,000 NFT UNITS FOR AN AGGREGATE INVESTMENT OF CA$1.4 MILLION