Sierra Metals Acknowledges Press Release from Alpayana Regarding Intention to Revise Bid and Advises Shareholders to TAKE NO ACTION
Sierra Metals (TSX: SMT | OTCQX: SMTSF) has acknowledged a press release from Alpayana S.A.C. regarding their intention to update a previously announced unsolicited all-cash takeover bid for all outstanding Sierra common shares. The company has advised shareholders to take no action at this time.
Sierra emphasizes its commitment to delivering long-term value to shareholders and stakeholders. The company is actively engaged in negotiations with third parties who are reviewing Sierra's confidential information to explore additional alternatives. The Board of Directors will make recommendations regarding the amended hostile bid's merits.
Sierra Metals (TSX: SMT | OTCQX: SMTSF) ha riconosciuto un comunicato stampa di Alpayana S.A.C. riguardante la loro intenzione di aggiornare un'offerta di acquisto non richiesta in contante per tutte le azioni ordinarie di Sierra già annunciata in precedenza. L'azienda ha consigliato agli azionisti di non intraprendere alcuna azione in questo momento.
Sierra sottolinea il proprio impegno a fornire valore a lungo termine agli azionisti e agli stakeholder. L'azienda è attivamente coinvolta in negoziazioni con terze parti che stanno esaminando le informazioni riservate di Sierra per esplorare ulteriori alternative. Il Consiglio di Amministrazione fornirà raccomandazioni riguardo ai meriti dell'offerta ostile modificata.
Sierra Metals (TSX: SMT | OTCQX: SMTSF) ha reconocido un comunicado de prensa de Alpayana S.A.C. sobre su intención de actualizar una oferta de adquisición no solicitada en efectivo para todas las acciones ordinarias de Sierra previamente anunciada. La compañía ha aconsejado a los accionistas que no tomen ninguna acción en este momento.
Sierra enfatiza su compromiso de ofrecer valor a largo plazo a los accionistas y partes interesadas. La empresa está activamente comprometida en negociaciones con terceros que están revisando la información confidencial de Sierra para explorar alternativas adicionales. La Junta Directiva hará recomendaciones sobre los méritos de la oferta hostil modificada.
시에라 메탈즈 (TSX: SMT | OTCQX: SMTSF)는 알파야나 S.A.C.의 보도 자료를 인정하며, 이전에 발표된 모든 시에라 보통주를 위한 비수탁 현금 인수 제안을 업데이트할 의도를 밝혔습니다. 회사는 주주들에게 현재 어떠한 조치도 취하지 말 것을 권고했습니다.
시에라는 주주 및 이해관계자에게 장기적인 가치를 제공하겠다는 의지를 강조합니다. 회사는 시에라의 기밀 정보를 검토하고 있는 제3자와의 협상에 적극적으로 참여하고 있으며, 추가적인 대안을 탐색하고 있습니다. 이사회는 수정된 적대적 제안의 장점에 대한 권고를 할 것입니다.
Sierra Metals (TSX: SMT | OTCQX: SMTSF) a pris acte d'un communiqué de presse de Alpayana S.A.C. concernant leur intention de mettre à jour une offre d'achat non sollicitée en espèces pour toutes les actions ordinaires de Sierra précédemment annoncée. La société a conseillé aux actionnaires de ne pas agir pour le moment.
Sierra souligne son engagement à offrir une valeur à long terme aux actionnaires et aux parties prenantes. La société est activement engagée dans des négociations avec des tiers qui examinent les informations confidentielles de Sierra afin d'explorer des alternatives supplémentaires. Le conseil d'administration fera des recommandations concernant les mérites de l'offre hostile modifiée.
Sierra Metals (TSX: SMT | OTCQX: SMTSF) hat eine Pressemitteilung von Alpayana S.A.C. zur Kenntnis genommen, in der die Absicht angekündigt wird, ein zuvor bekannt gegebenes unaufgefordertes Barangebot für alle ausstehenden Sierra-Stammaktien zu aktualisieren. Das Unternehmen hat den Aktionären geraten, derzeit keine Maßnahmen zu ergreifen.
Sierra betont sein Engagement, den Aktionären und Interessengruppen langfristigen Wert zu bieten. Das Unternehmen ist aktiv in Verhandlungen mit Dritten, die die vertraulichen Informationen von Sierra prüfen, um zusätzliche Alternativen zu erkunden. Der Vorstand wird Empfehlungen zu den Vorzügen des geänderten feindlichen Angebots abgeben.
- Company actively pursuing alternative strategic options with multiple third parties
- Board maintaining fiduciary duty by evaluating all options before making recommendations
- Company under hostile takeover pressure
- Uncertainty regarding final bid terms and potential impact on shareholders
Sierra continues to be committed to its long-term strategy of ensuring the Company delivers superior long-term value to all its shareholders and stakeholders. Also, as previously disclosed, Sierra continues to actively pursue negotiations with third parties that are in the process of reviewing Sierra's confidential information with a view to surfacing additional alternatives.
The Company advises shareholders to TAKE NO ACTION at this time until the Board of Directors makes a recommendation as to the merits of the amended Hostile Bid.
About Sierra Metals Inc.
Sierra Metals Inc. is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in
Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information relates to future events or the anticipated performance of Sierra and reflect management's expectations or beliefs regarding such future events and anticipated performance based on an assumed set of economic conditions and courses of action. In certain cases, statements that contain forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur" or "be achieved" or the negative of these words or comparable terminology. Forward-looking information in this news release includes, without limitation, statements regarding: the expectation that Alpayana will increase the Hostile Bid, the intention of the board of directors to provide an update regarding the Hostile Bid and management's expectations with respect to additional alternatives. By its very nature forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual performance of Sierra to be materially different from any anticipated performance expressed or implied by such forward-looking information.
Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading "Risk Factors" in the Company's annual information form dated March 26, 2025 for its fiscal year ended December 31, 2024 and other risks identified in the Company's filings with Canadian securities regulators, which are available at www.sedarplus.ca.
The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company's forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company's actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company's statements containing forward-looking information are based on the beliefs, expectations, and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250403854450/en/
For further information regarding Sierra, please visit www.SierraMetals.com or contact:
Investor Relations
Sierra Metals Inc.
+1 (866) 721-7437
info@sierrametals.com
Securityholder Communications Advisor
Christine Carson
President & CEO
Carson Proxy Advisors
+1 (416) 804-0825
christine@carsonproxy.com
Media Relations
John Vincic
Principal
Oakstrom Advisors
+1 (647) 402-6375
john@oakstrom.com
Source: Sierra Metals Inc.
FAQ
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