Andean Precious Metals Renews Normal Course Issuer Bid
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ANDEAN PRECIOUS METALS RENEWS
NORMAL COURSE ISSUER BID
(All amounts are in United States dollars unless otherwise stated)
the Company at any time.
The Company is undertaking the NCIB because, in the opinion of its board of directors, from
time to time the market price of its Shares may not fully reflect the underlying value of the
Company’s business, and that repurchase of its Shares at current market prices would be an
appropriate use of corporate funds.
The Company has engaged Desjardins Securities Inc. to act as the broker to facilitate the
purchase of Shares under the NCIB.
To the knowledge of the Company, no director, senior officer or other insider of the Company
currently intends to sell any Shares under the NCIB.
TORONTO, Ontario, December 21, 2023 – Andean Precious Metals Corp. (TSX-V: APM)
(OTCQX: ANPMF) (the “Company”) announces that the TSX Venture Exchange (the
“TSXV”) has accepted notice of the Company’s intention to make a normal course issuer bid
(“NCIB”) for certain of its common shares (the “Shares”). Pursuant to the NCIB, the Company
intends to purchase up to 7,833,291 of its outstanding Shares, representing up to 5% of the
156,665,833 issued and outstanding Shares as at December 4, 2023.
The Company first initiated its NCIB on October 4, 2022. Since the inception of the NCIB in
the fall of 2022, a total of 3,160,100 Shares at an average purchase price of C$0.79 have
been repurchased and cancelled for a total of $1.9 million (C$2.5 million).
Purchases pursuant to the NCIB will be made on the open market through the facilities of the
TSXV. The NCIB may commence on December 21, 2023 until December 20, 2024, or such
earlier time as the NCIB is completed or at the option of the Company. All Shares purchased
pursuant to the NCIB will be returned to treasury and cancelled.
All Shares purchased by the Company under the NCIB will be purchased at the market price,
plus brokerage fees, at the time of acquisition in accordance with the rules and policies of the
TSXV and applicable securities laws. All purchases to be made under the NCIB will be pre-
approved and authorized by the board or by a committee that may be authorized by the board
to do so. No purchases will be made other than by means of open market transactions during
the term of the NCIB. Although the Company’s intention is to acquire its Shares pursuant to
the NCIB, it is not obligated to make any purchases and purchases may be suspended by
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About Andean Precious Metals Corp.
Andean is a growing precious metals producer focused on top-tier jurisdictions in the
Americas. The Company owns and operates the San Bartolomé processing facility in Potosí,
Bolivia and the Soledad Mountain mine in Kern County, California, and is well-funded to act
on future growth opportunities. Andean’s leadership team is committed to creating value;
fostering safe, sustainable and responsible operations; and achieving our ambition to be a
multi-asset, mid-tier precious metals producer.
For more information, please contact:
Trish Moran
VP Investor Relations
T: +1 416 564 4290
Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements can be
identified by the use of words such as, “expects”, “is expected”, “intends”, “believes”, or vari-
ations of such words and phrases or state that certain actions, events or results “may” or
“will” be taken, occur or be achieved. Forward-looking statements include statements with
respect to the NCIB such as the commencement date and the duration of the NCIB, the
number of Shares that may be purchased under the NCIB, and the Company’s objectives in
completing purchases under the NCIB. Such forward-looking statements are based on as-
sumptions, and can be affected by known and unknown risks, uncertainties and other factors,
including, but not limited to, the equity markets generally, and failure to obtain the necessary
TSXV approval. Accordingly, readers should not place undue reliance on forward-looking
statements. Except as required by law, the Company undertakes no obligation to publicly
update any forward-looking statements, whether as a result of new information, future events
or otherwise.