Sierra Metals (SMTS) receives non-binding letter of intent from Compañia Minera Kolpa

  • October 31, 2022

POTENTIAL DEAL DETAILS

StockSierra Metals Inc.SymbolSMTS
Date Announced10/31/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Compañia Minera Kolpa S.A.

Sierra Metals Inc. (SMTS) confirms that it received an unsolicited, non-binding letter of intent from Compañia Minera Kolpa S.A. among others.

Update(s):

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.

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