Mineros Announces Colombian Offering Fully Allocated and the Exercise IN Full of the Overallotment Option IN the Colombian Offering FOR Expected Gross Proceeds of US$11.5 Million
MINEROS ANNOUNCES COLOMBIAN OFFERING FULLY ALLOCATED AND THE EXERCISE
IN FULL OF THE OVERALLOTMENT OPTION IN THE COLOMBIAN OFFERING FOR EXPECTED GROSS
PROCEEDS OF US$11.5 MILLION
(all amounts expressed in U.S. dollars unless otherwise stated)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
Medellin, Colombia – November 17, 2021 – Mineros S.A. (MINEROS:CB) (“Mineros” or the “Company”)
announced today that a Colombian offering of common shares (“Common Shares”) of the Company on
the Colombia Stock Exchange ( Bolsa de Valores de Colombia – BVC ) (the “Colombian Offering”), as
previously announced on November 12, 2021, has been fully allocated including the exercise and
allocation in full of the 15% over-allotment option.
Mineros President and CEO Andres Restrepo commented “The successful allocation of the Colombian
financing, including the overallotment, confirms the interest in the Colombian investment community for
the shares of Mineros.”
Closing is expected to occur on November 18, 2021. Including the 15% over-allotment option, the
Colombian Offering 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 S.A. Comisionista de Bolsa acted as Structuring and Lead Placement Agent for the
Issuance and Placement of Common Shares of Mineros S.A. in the Colombian Market, and DLA Piper
Martínez Beltrán 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 the United States absent
registration or an exemption from such registration requirements. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy in the United States nor shall there by any sale of the
securities in any State in which such offer, solicitation or sale would be unlawful.
The initial public offering in Canada (the “Canadian Offering”) previously announced on November 12,
2021 is expected to close on or about November 19, 2021. A copy of the final prospectus in respect of the
Canadian Offering is available on SEDAR at www.sedar.com.
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, Nicaragua and Argentina and a pipeline of
development and exploration projects throughout the region.
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 our operations. Mineros’ common shares are listed on the Colombian Stock
Exchange (Bolsa de Valores de Colombia) under the symbol “MINEROS:CB”.
For further information, please contact:
Fiona Childe
Investor Relations
(647) 496-3011
Patricia Ospina
Investor Relations Manager
(574) 2665757
Mineros has received conditional listing approval from the Toronto Stock Exchange (the “TSX”) for the
listing of its Common Shares on the TSX. Listing remains subject to Mineros fulfilling all of the
requirements of the TSX on or before December 15, 2021. In connection with its listing application, the
Company has been granted an exemption from the individual voting and majority voting requirements
applicable to listed issuers under TSX policies, on grounds that compliance with such requirements would
constitute a breach of Colombian laws and regulations which require the directors to be elected on the
basis of a slate of nominees proposed for election pursuant to an electoral quotient system. For further
information, please see the Company’s final prospectus dated November 11, 2021, available on SEDAR at
www.sedar.com.
FORWARD-LOOKING STATEMENTS
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”, “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 completion and proceeds
of the Colombian Offering and the Canadian Offering, 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 in light of
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 press release including, without limitation, assumptions about: favourable equity and debt
capital markets; requirements under applicable laws. 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. Although the Company has attempted to identify important factors that could cause actual
actions, events, conditions, results, performance or achievements to differ materially from those
described in forward-looking information, there may be other factors that cause actions, events,
conditions, results, performance or achievements to differ from those anticipated, estimated or intended.
For further information of these and other risk factors, please see the ‘‘Risk Factors” section of the
Company’s final long form 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. Accordingly, readers
should not place undue reliance on forward-looking information. 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, future events or results
or otherwise, except as and to the extent required by applicable securities laws.