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 Company said today that the previously announced Colombian offering of common shares of the Company on the Colombia Stock Exchange on November 12, 2021, has been completely allocated, including the exercise and allocation in whole of the 15% over-allotment option.

Mineros President and CEO Andres Restrepo stated, “The successful distribution of the Colombian funding, including the overallotment, indicates the interest in Mineros shares in the Colombian investor community.”

The closing date is set for November 18, 2021. The Colombian Offering is estimated to produce total proceeds of COP44,566,841,669 (US$11,499,999.30), including the 15% over-allotment option, and a total of 12,777,777 Common Shares will be issued on the BVC.

Corredores Davivienda S.A. Comisionista de Bolsa served as the Structuring and Lead Placement Agent for the Issuance and Placement of Mineros S.A. Common Shares on the Colombian Market, while DLA Piper Martnez Beltrán served as the Legal Advisor.

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The securities provided have not been and it will not be recognized under the Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States unless registered or exempt from such registration requirements. This news release does not represent an offer to sell or the solicitation of an offer to purchase in the United States, nor does it constitute a sale of the securities in any state where such offer, solicitation, or sale would be illegal.

The announced earlier in November 12, 2021 initial public offering (the “Canadian Offering”) in Canada is scheduled to close on or about November 19, 2021. The final documentation for the Canadian Offering is available on SEDAR at http://www.sedar.com.

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