Investment firm Sun Valley AG has declared a deal to acquire shares in Mineros S.A.
Toronto, ON — Sun Valley Investments AG, a private investment firm specializing in the metals and mining industry, has announced a share purchase agreement with Corporación Financiera Colombiana S.A. (Corficolombiana) for the acquisition of approximately 7.96% of Mineros S.A.'s common shares.
Under the agreement, Sun Valley aims to acquire 23,850,263 common shares of Mineros S.A. through various purchase mechanisms, such as tender offers in Colombia and private secondary market transactions in Canada. The purchase price for each share is set at 5,500 Colombian pesos.
Currently, Sun Valley holds 172,122,705 shares of Mineros S.A., which constitutes about 57.42% of Mineros' issued and outstanding common shares. With the completion of this agreement, and upon meeting certain preconditions, Sun Valley expects to own a total of approximately 65.38% of Mineros' common shares, valuing this stake at approximately CAD $480,133,772 based on the TSX closing price of Mineros shares yesterday.
The agreement is binding on both parties, with Corficolombiana agreeing to sell exclusively to Sun Valley and Sun Valley obligated to purchase the Acquired Shares under the agreement's terms. A more detailed description of the purchases will be provided once the necessary preliminary approvals have been obtained.
Dentons Cardenas & Cardenas Abogados S.A.S (Colombia) and Dentons Canada LLP served as legal advisors to Sun Valley in connection with this agreement.
Founded in the 1990s, Sun Valley is a seasoned investment firm with a focus on the metals and mining industry. The firm maintains portfolio companies and branch offices in various regions, including the Americas, Europe, and Asia. With diverse investment expertise spanning several asset classes and hands-on experience in various precious metals mining and refining companies, Sun Valley's leadership team provides valuable insight and support to their ventures. Their involvement extends across the entire precious metals supply chain, from mineral exploration and mine construction to production, processing, and refining.
For further information regarding Sun Valley, please contact Camilo Alvarez at [email protected] or phone +1 281 994 7031.
Sun Valley's acquisition of approximately 7.96% of Mineros S.A.'s common shares could potentially lead to cloudy news in the finance sector, as Sun Valley aims to increase their stake in Mineros to around 65.38% upon completion of the agreement. This extensive investment in the mining industry, valued at approximately CAD $480,133,772, presents significant opportunities for Sun Valley's business ventures in the precious metals supply chain.
