Sun Valley Investments AG Announces Successful Allocation of Improved Public Offer to Purchase Shares of Mineros S.A.
Toronto, Canada – Sun Valley Investments AG (Sun Valley) is pleased to announce the successful allocation of its improved public offer to purchase common shares (Common Shares) of Mineros S.A. (Mineros or the Company). The offer was made pursuant to Mineros’ previously announced press release on March 2, 2023.
Background
On March 2, 2023, Mineros announced that it had received an unsolicited non-binding proposal from Sun Valley to purchase all of the issued and outstanding Common Shares of Mineros for consideration of CAD $0.65 per Common Share. Mineros’ Board of Directors formed a Special Committee of independent directors to review and consider the proposal.
Improved Offer
Following discussions between Sun Valley and the Special Committee, Sun Valley submitted an improved offer to purchase all of the issued and outstanding Common Shares of Mineros for consideration of CAD $0.70 per Common Share. The Special Committee determined that the improved offer was in the best interests of Mineros and its shareholders.
Successful Allocation
Sun Valley has now successfully allocated the offer to purchase all of the issued and outstanding Common Shares of Mineros. The offer will be open for acceptance until 5:00 p.m. (Toronto time) on April 14, 2023. Mineros shareholders who wish to tender their Common Shares under the offer should follow the instructions set out in the offer and the related materials that have been mailed to them.
Impact on Individual Shareholders
If you are a Mineros shareholder and have not yet received the offer and related materials, you may wish to contact Sun Valley’s Information Agent, Laurel Hill Advisory Group, at 1-877-452-7184 (toll-free in North America) or 416-304-0211 (outside North America) to request a copy. If you have already received the offer and related materials and have any questions or need assistance with the deposit process, you may also contact Laurel Hill Advisory Group.
Impact on the World
The successful allocation of Sun Valley’s improved offer to purchase Mineros’ Common Shares may have several impacts on the world. First, it represents a positive development for Mineros’ shareholders, who will receive a premium to the previous trading price of the Common Shares. Second, it may lead to increased investor confidence in the mining industry, which has been under pressure in recent years due to declining commodity prices and environmental concerns. Third, it may signal a renewed interest in mining opportunities in Latin America, where Mineros operates.
Conclusion
Sun Valley Investments AG’s successful allocation of its improved offer to purchase all of the issued and outstanding Common Shares of Mineros S.A. represents a positive development for Mineros’ shareholders and the mining industry as a whole. Individual Mineros shareholders who have not yet tendered their Common Shares under the offer should contact Sun Valley’s Information Agent for assistance with the deposit process. The impact of this transaction on the world may include increased investor confidence in the mining industry and renewed interest in mining opportunities in Latin America.
- Sun Valley Investments AG successfully allocated its improved offer to purchase all of the issued and outstanding Common Shares of Mineros S.A.
- The offer represents a premium to the previous trading price of the Common Shares and is in the best interests of Mineros’ shareholders.
- Individual Mineros shareholders who have not yet tendered their Common Shares under the offer should contact Sun Valley’s Information Agent for assistance.
- The transaction may lead to increased investor confidence in the mining industry and renewed interest in mining opportunities in Latin America.
