Business
Colombian Superintendent of Finance Approves Current Public Tender Offer for Mineros Shares
MEDELLIN, Colombia, June 17, 2025--Mineros S.A. (TSX:MSA, MINEROS:CB) ("Mineros" or the "Company") announces that the Colombian Superintendent of Finance (the "SFC") has accepted the application made by Sun Valley Investments AG ("Sun Valley") on May 27, 2025 to make a public tender offer in Colombia to acquire between 8% and 11%, being a minimum of 23,978,993 and a maximum of 32,971,115, of the issued and subscribed ordinary shares of Mineros ("Mineros Shares") through the facilities of the Col
About this update from Mineros Sa
[{"type":"text","content":"MEDELLIN, Colombia, June 17, 2025--(BUSINESS WIRE)--Mineros S.A. (TSX:MSA, MINEROS:CB) ("Mineros" or the "Company") announces that the Colombian Superintendent of Finance (the "SFC") has accepted the application made by Sun Valley Investments AG ("Sun Valley") on May 27, 2025 to make a public tender offer in Colombia to acquire between 8% and 11%, being a minimum of 23,978,993 and a maximum of 32,971,115, of the issued and subscribed ordinary shares of Mineros ("Mineros Shares") through the facilities of the Colombia Stock Exchange ("BVC") at an offering price of Colombian peso $5,500 per share, payable in cash in Colombian pesos or U.S. dollars (the "Offer").","length":738,"tagName":"p"},{"type":"text","content":"The acceptance period for the Offer will start on June 24, 2025, and end on July 8, 2025, but may be extended without exceeding 30 business days in total, in accordance with applicable Colombian laws.","length":200,"tagName":"p"},{"type":"text","content":"Sun Valley currently owns 172,122,705 Mineros Shares representing 57.42% of the Mineros Shares.","length":95,"tagName":"p"},{"type":"text","content":"In accordance with Colombian laws, trading in Mineros Shares on the BVC, which was halted since May 27, 2025, when the SFC issued a public notice announcing Sun Valley’s application to make a public tender offer, has not resumed as of this date. Trading in Mineros Shares on the Toronto Stock Exchange ("TSX") was not halted in connection with the Offer and is expected to continue unaffected.","length":403,"tagName":"p"},{"type":"text","content":"ABOUT MINEROS S.A.","length":18,"tagName":"p"},{"type":"text","content":"Mineros is a gold mining company headquartered in Medellin, Colombia. The Company has a diversified asset base, with relatively low-cost mines in Colombia and Nicaragua and a pipeline of development and exploration projects throughout the region.","length":246,"tagName":"p"},{"type":"text","content":"The board of directors and management of Mineros have extensive experience in mining, corporate development, finance and sustainability. Mineros has a long track record of maximizing shareholder value and delivering solid annual dividends. For almost 50 years Mineros has operated with a focus on safety and sustainability at all its op...