Sun Valley Investments Successfully Completes Acquisition of Mineros Shares

Successful Acquisition by Sun Valley Investments AG

Sun Valley Investments AG ("Sun Valley") has recently announced the successful completion of its public offer to purchase common shares of Mineros S.A. The offer, conducted through the Colombia Securities Exchange, was made at a price of CAD $0.975 per Common Share, payable in cash.

Details of the Offer

Through this acquisition, Sun Valley secured a total of 17,573,445 Common Shares, totaling an impressive CAD $17,134,108.88. This strategic move marks a significant milestone in Sun Valley's ongoing commitment to the metals and mining sector, underscoring its mission to enhance its investment portfolio in this field.

Previously Held Shares

Before initiating the offer to purchase, Sun Valley already owned 74,904,378 Common Shares, which amounted to 24.99% of the total issued shares. Following the successful completion of the offer, Sun Valley now controls 92,477,823 Common Shares, representing approximately 30.85% of Mineros' total issued Common Shares.

Future Investment Plans

Sun Valley has made it clear that the acquired shares will be held for investment purposes. The firm plans to continue evaluating its investment in Mineros regularly and may adjust its holdings based on market conditions and other relevant factors. This ongoing commitment highlights Sun Valley's strategic approach to investment, ensuring their actions align with market trends and opportunities.

Legal Framework and Regulations

In the context of this acquisition, Sun Valley utilized the foreign take-over bid exemption outlined in Section 4.4 of National Instrument 62-104 – Take-Over Bids and Issuer Bids. This legal framework supports their actions and ensures compliance with existing regulations governing such acquisitions.

Regulatory Reporting

This announcement comes alongside mandatory reporting requirements under National Instrument 62-103 – The Early Warning Systems and Related Take-Over Bids and Insider Reporting Issues. Sun Valley will file an Early Warning Report with regulatory authorities, providing detailed information regarding the acquisition, ensuring transparency and adherence to regulatory standards.

Contact Information

The head office of Mineros is situated in Medellin, Colombia, providing a strategic location for the company's operations. Conversely, Sun Valley is headquartered in Zug, Switzerland, affirming its global presence in the investment landscape.

About Sun Valley Investments AG

Sun Valley is a distinguished private investment firm dedicated to the metals and mining industry. With an expansive portfolio and operational offices spanning the Americas, Europe, and Asia, Sun Valley prides itself on its seasoned leadership team, which possesses extensive experience within the mining and investment sectors. Their expertise encompasses a wide range of asset classes, supported by hands-on experience at varying levels within the precious metals mining and refining industry.

Investment Strategy

The firm comprehensively finances the entire precious metals supply chain, extending through mineral exploration, mine construction, production, processing, and refining. This extensive operational scope positions Sun Valley as a pivotal player in the precious metals market.

Frequently Asked Questions

What recent acquisition did Sun Valley Investments AG complete?

Sun Valley Investments AG successfully completed its acquisition of Common Shares from Mineros S.A.

What percentage of shares does Sun Valley own after the acquisition?

After acquiring the shares, Sun Valley now owns approximately 30.85% of Mineros' total issued Common Shares.

What is the price per share paid during the acquisition?

Sun Valley paid CAD $0.975 per Common Share during the acquisition.

Where is Sun Valley Investments AG headquartered?

Sun Valley is headquartered in Zug, Switzerland.

What does Sun Valley's investment strategy encompass?

Sun Valley's strategy includes financing the entire precious metals supply chain from exploration to refining.

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