POTENTIAL DEAL DETAILS
|Stock||Sierra Metals Inc.||Symbol||SMTS|
|Date Announced||10/31/2022||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Compañia Minera Kolpa S.A.|
November 11, 2022: Compañia Minera Kolpa, in conjunction with Arias Resource Capital and its affiliates, which are the largest shareholder of Sierra Metals Inc. (SMTS), announced the delivery of a new letter to the Board of Directors of Sierra highlighting certain key terms of the proposed business combination between Sierra and Kolpa, with a concurrent financing aimed at solving the financial and liquidity concerns at Sierra, following their submission of a letter of intent to the Board on October 27, 2022.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.