Western Atlas Resources Inc. (TSXV:WA) entered into a letter of intent to acquire Medoro Resources International Limited from Gran Colombia Gold Corp. (TSX:GCM) for $3.1 million on August 31, 2019. Western Atlas Resources Inc. (TSXV:WA) signed a share purchase agreement to acquire Medoro Resources International Limited from Gran Colombia Gold Corp. (TSX:GCM) on October 7, 2019. As consideration, Western Atlas Resources Inc. will issue 59.11 million shares to Gran Colombia Gold Corp. In a private placement transaction, Gran Colombia Gold Corp. will subscribe to a 19.9% stake in Western Atlas Resources Inc. The deal is subject to approval of the shareholders of Western Atlas Resources Inc. and the approval of the TSX Venture Exchange. The closing of the transaction will take place upon the occurrence of the following events; the current government of Venezuela being replaced by an internationally recognized and democratically elected government, and completion of the lawful transfer and registration of transfer to Medoro Resources International Limited (or its Venezuelan subsidiaries) of the mining rights to the Lo Increible 4A and Lo Increible 4B concessions by Venezuelan authorities of competent jurisdiction. These events must take place no later than the second anniversary of the date of the closing of the private placement transaction being October 10, 2021. As of January 10, 2020, the transaction was approved in shareholders meeting of Western Atlas Resources Inc. The closing of the Medoro sale transaction must occur no later than October 9, 2021 else the transaction will be terminated. As of March 20, 2020, should the closing triggers not occur by October 10, 2021, the share purchase agreement will be terminated. As of March 30, 2020, the closing of the Medoro sale transaction must occur no later than October 9, 2021 else the transaction will be terminated. As of April 12, 2021, should the closing triggers not occur by October 10, 2021, the share purchase agreement will be terminated. On June 9, 2021, Western Atlas Resources entered into an agreement with Gran Colombia Gold to extend the outside date by which the acquisition from Gran Colombia of all outstanding shares of Medoro Resources International from October 9, 2021 to October 9, 2023.

Western Atlas Resources Inc. (TSXV:WA) cancelled the acquisition of Medoro Resources International Limited from Gran Colombia Gold Corp. (TSX:GCM) on October 9, 2023. The Share Purchase Agreement between Western Atlas Resources Inc. and Aris Mining Corporation regarding the acquisition of all outstanding shares of Medoro Resources International Ltd has expired.