(all amounts are in US dollars, unless otherwise specified)
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MEDELLIN, Colombia, November 17, 2021 / CNW / – Mineros SA (CB: MINEROS) (“Mineros” or the “Company”) today announced that a Colombian offering of ordinary shares (“Common Shares”) of the Company on the Colombia Stock Exchange (Bolsa de Valores de Colombia – BVC) (the âColombian Offerâ), as previously announced on November 12, 2021, has been fully allocated including the exercise and allocation in full of the 15% over-allotment option.
Chairman and CEO of Mineros Andres Restrepo commented “The successful allocation of the Colombian financing, including the over-allotment, confirms the interest of the Colombian investment community in the shares of Mineros”.
Closing should take place on November 18, 2021. Including the 15% over-allotment option, the Colombian offer is expected to generate total proceeds of COP44 566 841 669 (US $ 11,499,999.30) and a total of 12,777,777 common shares will be issued on the BVC.
Corredores Davivienda SA Comisionista de Bolsa acted as structuring and main placement agent for the issue and placement of ordinary shares of Mineros SA on the Colombian market, and DLA Piper MartÃnez BeltrÃ¡n acted as legal advisor .
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in United States no registration or an exemption from these registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy. United States nor by any sale of securities in a State in which such an offer, solicitation or sale would be illegal.
The IPO of Canada (the “Canadian Offer”) previously announced on November 12, 2021 should close on or towards November 19, 2021. A copy of the final prospectus relating to the Canadian offering is available on SEDAR at www.sedar.com.
ABOUT MINEROS SA
Mineros is a Latin American gold mining company headquartered in Medellin, Colombia. The Company has a diversified asset base, with mines in Colombia, Nicaragua and Argentina and a pipeline of development and exploration projects across the region.
Mineros’ board of directors and management have extensive experience in mining, business development, finance and sustainability. Mineros has a long history of maximizing shareholder value and producing strong annual dividends. For nearly 50 years, Mineros has operated with an emphasis on safety and sustainability in all of its operations. Mineros common stock is listed on the Colombian Stock Exchange (Bolsa de Valores de Colombia) under the symbol “MINEROS: CB”.
Mineros has received conditional listing approval from the Toronto Stock Exchange (the âTSXâ) to list its common shares on the TSX. Listing remains subject to Mineros meeting all TSX requirements no later than December 15, 2021. As part of its listing application, the Company has obtained an exemption from the individual and majority voting requirements applicable to listed issuers under the policies of the TSX, on the grounds that compliance with these requirements would constitute a violation of the laws. and Colombian regulations that require directors to be elected on the basis of a list of candidates proposed for election according to an electoral quotient system. For more information, please consult the final prospectus of the Company dated November 11, 2021, available on SEDAR at www.sedar.com.
This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information includes statements that use forward-looking terminology such as “may”, “may”, “may”, “will”, “should”, “intend”, “target”, “budget”, ” estimate “,” predict “,” program “,” anticipate “,” believe “,” continue “,” the potential “,” consider “or the negative or grammatical variation of it or other variations of it or comparable terminology. Such forward-looking information includes, without limitation, statements regarding the realization and proceeds of the Colombian Offer and the Canadian Offer, and any other statement that may predict, predict, indicate or imply any plans, intentions, activity levels, future results, performance or achievements.
Forward-looking information is based on management’s estimates and assumptions in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management considers relevant and reasonable in the circumstances, as of the date of this press release, including, without limitation, assumptions regarding: favorable equity and debt markets; requirements under applicable laws. Although the Company considers these assumptions to be reasonable, the assumptions are inherently subject to commercial, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could result in actions, events, conditions, results, that the performances or the achievements are appreciably different from those envisaged in the forward-looking information. Many assumptions are based on factors and events beyond the control of the Company and there can be no assurance that they will prove to be correct. Although the Company has attempted to identify important factors which could cause actual actions, events, conditions, results, performance or achievements to differ materially from those described in forward-looking information, other factors may cause actions, events, conditions, results, performance or achievements differ from those anticipated, estimated or planned. For more information on these and other risk factors, please see the âRisk Factorsâ section of the Company’s final detailed prospectus dated November 11, 2021, available on SEDAR at www.sedar.com.
There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Therefore, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and the Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, events or results. future or otherwise, except as and to the extent required by applicable securities laws.
SOURCE Mineros SA
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