Sun Valley Investments AG Announces Successful Completion of the Second Tranche of the Share Purchase of Mineros SA - Latest Global News

Sun Valley Investments AG Announces Successful Completion of the Second Tranche of the Share Purchase of Mineros SA

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BOGOTA, Colombia & TORONTO — Sun Valley Investments AG (Sun Valley“) announces the closing of the second tranche of its previously announced transaction under which Sun Valley acquired 7,463,462 shares of common stock (“Securities acquired“) from Mineros SA (“miners” or the “Pursue“, TSX: MSA, CB: MINEROS) from Banderato Colombia SAS (the “Salesperson“) at a price of $0.836 per share for a total price of $6,239,454.23 (the “transaction“). The Transaction was completed in accordance with applicable laws in Canada and Colombia by private agreement pursuant to the obligations set forth in the previously announced amended and restated Shareholders’ Agreement (the “A&R Shareholders Agreement“) between Sun Valley, the seller and New Millennium Shares and Securities SA (collectively the “MC company“). The acquired securities represent 2.49% of the issued and outstanding common shares of Mineros (“Common shares“). The transaction did not take place on any stock exchange or other securities market and the seller is not located in any province or territory of Canada, nor has an offer to acquire common shares been made to any party there.

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Immediately prior to the Transaction, Sun Valley owned and exercised control over 67,440,916 common shares, representing 22.5% of the issued and outstanding common shares. Following the transaction, Sun Valley owns and exercises control over 74,904,378 common shares, representing 24.99% of the issued and outstanding common shares.

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Sun Valley will hold its common stock for investment purposes and continually evaluate its investment in Mineros and may increase or decrease its interest in Mineros and otherwise engage with the Company in the future depending on market conditions and other relevant factors. As previously disclosed, the A&R Stockholders Agreement governs the common shares that the MC Companies will continue to hold following the Transaction (the “Remaining shares“) and, among other things, Sun Valley’s right to direct the voting of such remaining shares in certain cases and the terms under which Sun Valley is required to acquire some or all of the remaining shares from the MC Companies, subject to certain conditions, during the term of the A&R Shareholders Agreement.

This press release is issued pursuant to National Instrument 62-103 – The Early Warning Systems and Related Take-Over Bids and Insider Reporting Issues – which also requires the filing of a report with regulatory authorities in each jurisdiction in which the Company operates as a reporting issuer , which contains information on the matters referred to above (“Early warning report“). The Early Warning Report will be filed and made available under Mineros’ SEDAR+ profile at www.sedarplus.ca.

Mineros’ headquarters is Carrera 43A #14-109, Piso 6, Edificio Nova Tempo, Medellin, Colombia.

Sun Valley is a corporation established under Swiss law. Sun Valley’s headquarters is Bahnhofplatz 6300, Zug, Switzerland.

Dentons Cardenas & Cardenas Abogados SAS (Colombia) and Dentons Canada LLP acted as legal counsel to Sun Valley in connection with the transaction.

About Sun Valley

Sun Valley is a private investment firm focused on the metals and mining industries with portfolio companies and offices in the Americas, Europe and Asia. Sun Valley’s leadership team has decades of experience in mining and investment companies, combining investment expertise across multiple asset classes with practical experience at senior and junior companies in the precious metals mining and refining industry. The company finances the entire precious metals supply chain: mineral exploration, mining, production, processing and refining.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240516953945/en/

contacts

Sun Valley
Camilo Alvarez
Email: [email protected]
Telephone: +1 281 994 7031

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