Mineros Board Authorizes Potential Participation by Directors and Management in Sun Valley Public Tender Offer
Mineros Board Authorizes Potential Participation by Directors and
Management in Sun Valley Public Tender Offer
MEDELLIN, Colombia--(BUSINESS WIRE)--March 14, 2025--Mineros S.A. (TSX:MSA,
MINEROS:CB) (“Mineros” or the “Company”) announces that its board of directors (the
“Board”) has granted an authorization required under applicable Colombian laws to permit
directors and management to buy or sell issued and subscribed ordinary shares of Mineros (the
“Mineros Shares”) in the market. Authorization was granted in the context of the Amended Sun
Valley Offer, as such term was defined in the news release issued March 4, 2025, and will last
for seven calendar days, concluding on Thursday, March 20, 2025. Any decision to participate in
the Amended Sun Valley Offer or to buy or sell Mineros Shares in the market remains at the
discretion of the directors and management of Mineros. The authorization was granted in strict
compliance with Mineros’ Policy on the Use of Privileged Information and related applicable
regulations, at a meeting held on March 13, 2025, as recorded in Minute No. 583 of the Board. In
accordance with applicable Colombian laws and regulations, the Board granted the authorization
under the condition that no privileged information was held by any member of the Board or
management.
This press release is issued in compliance with the disclosure requirements of applicable
Colombian laws and regulations.
ABOUT MINEROS S.A.
Mineros is a Latin American gold mining company headquartered in Medellin, Colombia. The
Company has a diversified asset base, with mines in Colombia and Nicaragua, and a pipeline of
development and exploration projects.
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 operations.
Mineros’ common shares are listed on the Toronto Stock Exchange under the symbol “MSA”,
and on the Colombia Stock Exchange under the symbol “MINEROS”.
FORWARD-LOOKING STATEMENTS
This news release contains “forward looking information” within the meaning of applicable
Canadian securities laws. These statements are based on current expectations and involve risks
and uncertainties that may cause actual results to differ materially from those anticipated. The
Company undertakes no obligation to update or revise any forward-looking statements, except as
required by law. Forward looking information includes statements that use forward looking
terminology such as “may”, “could”, “would”, “will”, “should”, “intend”, “target”, “plan”,
“expect”, “budget”, “estimate”, “forecast”, “schedule”, “anticipate”, “believe”, “continue”,
“potential”, “view” or the negative or grammatical variation thereof or other variations thereof or
comparable terminology. Such forward looking information includes, without limitation,
statements with respect to the Amended Sun Valley Offer, including its terms, and timing; the
potential participation by any member of the Board or management in the Amended Sun Valley
Offer; and any other statement that may predict, forecast, indicate or imply future plans,
intentions, levels of activity, results, performance or achievements.
Forward looking information is based upon estimates and assumptions of management
considering management’s experience and perception of trends, current conditions and expected
developments, as well as other factors that management believes to be relevant and reasonable in
the circumstances, as of the date of this news release. While the Company considers these
assumptions to be reasonable, the assumptions are inherently subject to significant business,
social, economic, political, regulatory, competitive and other risks and uncertainties,
contingencies and other factors that could cause actual actions, events, conditions, results,
performance or achievements to be materially different from those projected in the forward-
looking information. Many assumptions are based on factors and events that are not within the
control of the Company and there is no assurance they will prove to be correct.
For further information of these and other risk factors, please see the “Risk Factors” section of
the Company’s annual information form dated March 25, 2024, available on SEDAR+ at
www.sedarplus.com.
The Company cautions that the foregoing lists of important assumptions and factors are not
exhaustive. Other events or circumstances could cause actual results to differ materially from
those estimated or projected and expressed in, or implied by, the forward-looking information
contained herein. 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. Accordingly, readers should not place undue reliance on forward looking
information.
Forward-looking information contained herein is made as of the date of this news release and the
Company disclaims any obligation to update or revise any forward looking information, whether
as a result of new information, future events or results or otherwise, except as and to the extent
required by applicable securities laws.
Contacts
For further information, please contact:
Ann Wilkinson
VP of Investor Relations
+1 (647) 496-3011
Juan Obando
Investor Relations Manager
(+57) 574 266 5757
Bettina Filippone
Renmark Financial Communications Inc.
+1 (514) 939-3989 or +1 (212) 812-7680