TORONTO–(BUSINESS WIRE)–Sun Valley Investments AG (“Sun Valley”) announces that it has filed an application with the Colombian Superintendent of Finance (“SFC”) to commence a public offer to purchase common shares (“Common Shares”) of Mineros S.A. (“Mineros”, TSX: MSA, CB: MINEROS) by way of an Oferta Pública de Adquisición (the “OPA” or the “Offer”) through the facilities of the Colombia Securities Exchange. The OPA is subject to approval by the SFC and, in accordance with Colombian law, the Offer cannot be made or accepted by Mineros shareholders until such approval has been granted.
If the OPA is approved by the SFC, the offer price per Common Share will be equal to COP $5,500, payable in cash and Sun Valley will offer to acquire a minimum of 8.0% and a maximum of 11.0% of the issued and outstanding Common Shares. The total aggregate consideration paid by Sun Valley for Common Shares pursuant to the OPA will be a minimum of COP $131,884,461,500, equivalent to approximately CAD $43,474,845 as of the date of the application to launch the OPA, and a maximum of COP $181,341,132,500, equivalent to approximately CAD $59,777,911 as of the date of the application to launch the OPA.
A more detailed description of the OPA, including where and how Mineros shareholders can obtain a copy of documents relating to the OPA and instructions outlining how Mineros shareholders who hold their Common Shares in Canada can participate in the OPA, will be provided if the OPA is approved by the SFC.
Dentons Cardenas & Cardenas Abogados S.A.S (Colombia) and Dentons Canada LLP have acted as legal advisors to Sun Valley in connection with the Offer.
Acerca de Sun Valley
Sun Valley es una firma privada de inversión enfocada en la industria de metales y minería, con compañías de portafolio y oficinas en América, Europa y Asia. El equipo directivo de Sun Valley cuenta con varias décadas de experiencia en compañías mineras y de inversión, y combina habilidades financieras en diversas clases de activos con una amplia experiencia operativa en empresas tanto grandes como emergentes dentro de la industria de minería y refinación de metales preciosos. La firma financia toda la cadena de suministro de metales preciosos, incluyendo exploración mineral, construcción de minas, producción, procesamiento y refinación.
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Contacts
Para obtener más información relacionada con Sun Valley, por favor comuníquese con:
Camilo Alvarez
email: calvarez@sunvalleyinv.com
phone: +1 281 994 7031
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