As Reported by La República: “‘Sun Valley Raises Offer Price for Issued and Outstanding Mineros Shares.”

“La República” has recently highlighted us in an article. Translation by Sun Valley Investments.

According to the entity, the amount was set at COP 5,500, approximately CAD 1.92, the currency of the mining company.

Sun Valley Investments increased the offer price for issued and outstanding Mineros common shares. According to the entity, the amount was set at COP 5,500, equivalent to approximately CAD 1.92.

Sun Valley may acquire between 0.00000033% and 26% of Mineros’ shares, representing an increase in the maximum number of Mineros shares that Sun Valley can acquire, equivalent to 17% of the company’s issued and outstanding shares compared to its previous public tender offer.

The acceptance period for Sun Valley’s Amended Offer is expected to begin on March 5 and conclude on March 18.

Shares of Mineros S.A.

Sun Valley currently holds 92.4 million Mineros shares (92,477,823), representing 30.85% of the company’s shares.

If Sun Valley’s Amended Offer is successful, the entity states that it expects to own and exercise control over a minimum of 92.4 million common shares and a maximum of 170.4 million Mineros shares (170,409,548), representing approximately 30.85% and 56.85% of the mining company’s shares, respectively.

The trading of Mineros’ shares on the Colombian Stock Exchange (BVC) resumed on March 3, 2025, after being halted on February 24, when the Financial Superintendency of Colombia (SFC) notified that it had received a request from Negocios y Representaciones S.A.S. to submit a competing public tender offer.

“Since the Modified Sun Valley Offer is a public tender offer competing with the previous pending public tender offer from Negocios y Representaciones S.A.S., any acceptance of the preceding competing offer will be automatically considered as acceptance of the Modified Sun Valley 2 Offer. The trading of Mineros shares on the Toronto Stock Exchange was not interrupted in relation to the previous public tender offers and is expected to remain unaffected,” Mineros emphasized.

Read the original article in Spanish on La República:

https://www.larepublica.co/finanzas/sun-valley-subio-precio-de-oferta-por-accion-de-mineros-4077452

Original article by Diego Ospina published on March 4, 2025, in La República.