TORONTO–(BUSINESS WIRE)–Sun Valley Investments AG (“Sun Valley”) announces that it has entered into a share purchase agreement (the “Agreement”) with Corporación Financiera Colombiana S.A. (“Corficolombiana”) to purchase 23,850,263 common shares (the “Acquired Shares”) of Mineros S.A. (“Mineros”, TSX: MSA, CB: MINEROS), which represent approximately 7.96% of Mineros’ issued and outstanding common shares. The Agreement contemplates that the Acquired Shares may be purchased through a variety of purchase mechanisms including tender offers in Colombia and private secondary market transactions in Canada. Sun Valley will pay 5,500 Colombian pesos per Acquired Share.
Sun Valley currently owns 172,122,705 shares of Mineros, which are valued at CAD $ 421,700,627 as of the closing price of Mineros shares on the Toronto Stock Exchange (“TSX”) yesterday and comprise a participation of approximately 57.42 % of Mineros issued and outstanding common shares. Upon closing of the Agreement, and subject to prior satisfaction of conditions precedent, Sun Valley expects to own a total participation of approximately 65.38 % of Mineros’ issued and outstanding common shares which would be valued at approximately CAD $ 480,133,772 as of the closing price of Mineros shares on the TSX yesterday. The Agreement is binding on both parties, obligating Corficolombiana to sell exclusively to Sun Valley and Sun Valley to purchase the Acquired Shares under the terms set forth therein.
A more detailed description of the purchases contemplated by the Agreement, will be provided if the preliminary approvals required to purchase the Acquired Shares are obtained.
Dentons Cárdenas & Cárdenas Abogados S.A.S. (Colombia) y Dentons Canada LLP han actuado como asesores legales de Sun Valley en relación con la Oferta.
Acerca de Sun Valley
Sun Valley es una firma de inversión privada enfocada en la industria de metales y minería, con compañías en su portafolio y oficinas en las Américas, Europa y Asia. El equipo de liderazgo senior de Sun Valley tiene varias décadas de experiencia en empresas de minería e inversión, y combina habilidades de inversión a través de diversas clases de activos con experiencia práctica tanto en empresas grandes como pequeñas en la industria de minería y refinación de metales preciosos. La firma financia toda la cadena de suministro de metales preciosos: exploración mineral, construcción de minas, producción, procesamiento y refinación.
Article published in Businesswire.com, click to read.
Contactos
Para mayor información relacionada con Sun Valley, por favor contacte a:
Camilo Álvarez
Email: calvarez@sunvalleyinv.com
Teléfono: +1 281 994 7031
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