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Andean Precious Metals Announces Closing of C$95.6 Million Bought Public Secondary Offering of Common Shares by PMB Partners
PMB Partners LP Files Early Warning Report in Relation to Disposition of Common Shares of Andean ...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"Andean Precious Metals Announces Closing of C$95.6 Million Bought Public Secondary Offering of Common Shares by PMB PartnersPMB Partners LP Files Early Warning Report in Relation to Disposition of Common Shares of Andean Precious Metals Corp. Pursuant to Secondary OfferingToronto, Ontario--(Newsfile Corp. - January 28, 2026) - Andean Precious Metals Corp. (TSX: APM) (OTCQX: ANPMF) (\"Andean\" or the \"Company\") is pleased to announce the closing of the previously announced bought deal secondary offering (the \"Secondary Offering\") of 9,102,250 common shares (the \"Common Shares\") of Andean by PMB Partners LP (the \"Selling Shareholder\") at a price of C$10.50 per Common Share for total gross proceeds of C$95,573,625, including the full exercise of the Underwriters' option. This disposition is part of an initiative by Andean to increase the free float of the Company and to enhance liquidity of its Common Shares. The Common Shares were offered publicly in all provinces and territories of Canada, except Québec and Nunavut by way of a prospectus supplement (the \"Prospectus Supplement\") to the Company's short form base shelf prospectus dated November 10, 2025 (the \"Base Shelf Prospectus\") and in accordance with Regulation S and: (i) on a private placement basis to \"qualified institutional buyers\" in the United States in accordance with Rule 144A, and (ii) to non-U.S. Persons (as defined in Regulation S) in any such other jurisdictions outside the United States in reliance on Regulation S, as mutually agreed between the Company and the Underwriters, and except for offers in Canada, on a private placement basis pursuant to prospectus and registration exemptions in accordance with applicable securities laws.The net proceeds of the Secondary Offering have been paid to the Selling Shareholder. The Company did not receive any proceeds from the Secondary Offering.The Secondary Offering was led by National Bank Financial Inc., as lead underwriter and sole bookrunner, together with a syndicate of underwriters (the \"Underwriters\"). The Common Shares are listed and posted for trading on the Toronto Stock Exchange under the symbol \"APM\" and on the OTCQX Market under the symbol \"ANPMF\".Copies of the documents relating to the Secondary Offering, such as the Base Shelf Prospectus, the Prospectus Supplement and the...