Allocation Under Public Tender Offer by Sun Valley Investments AG to Purchase Mineros Shares Complete Correction to Closing Date
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 and Nicaragua, and a pipeline of development and exploration projects.
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 over 50 years Mineros has operated with a focus on safety and sustainability at all its operations.
Mineros' common shares are listed on the Toronto Stock Exchange under the symbol "MSA", and on the Colombia Stock Exchange under the symbol "MINEROS".
Election of Directors – Electoral Quotient System
The Company has been granted an exemption from the individual voting and majority voting requirements applicable to listed issuers under Toronto Stock Exchange 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 most recent annual information form, available on the Company's website at https://www.mineros.com.co/ and from SEDAR+ at www.sedarplus.com.
FORWARD-LOOKING STATEMENTS
This news release contains "forward looking information" within the meaning of applicable Canadian 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, closing of the Sun Valley Offer; Sun Valley's ownership of or control or direction over Mineros Shares; the Company's planned exploration, development and production activities; 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 news release. 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.
For further information of these and other risk factors, please see the "Risk Factors" section of the Company's annual information form dated March 25, 2024, available on SEDAR+ at www.sedarplus.com.
The Company cautions that the foregoing lists of important assumptions and factors are not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward looking information contained herein. 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 news 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250710827653/en/
Contacts
For further information, please contact:Ann WilkinsonVP of Investor Relations+1 (647) 496-3011ann.wilkinson@mineros.com.co Juan ObandoDirector, Investor Relations(+57) 574 266 5757juan.obando@mineros.com.co Bettina FilipponeRenmark Financial Communications Inc.+1 (514) 939-3989 or +1 (212) 812-7680bfilippone@renmarkfinancial.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 hours ago
- Yahoo
This Renewable Energy Stock Is Down 35% and Ready to Soar
Written by Karen Thomas, MSc, CFA at The Motley Fool Canada Global energy demand is expected to remain strong for the foreseeable future, with renewable energy making up an increasingly larger portion of total demand. This is effectively elevating the business prospects for renewable energy companies like Northland Power (TSX:NPI). Yet, this renewable energy stock is down over 35% in the last five years, resulting in a strong, undervalued opportunity for investors. Here's why I think Northland Power stock is on the cusp of strong performance in the years ahead. New projects to drive cash flows for this renewable energy stock As you can see from Northland Power's stock price graph below, this renewable energy stock has had a rough time in the last five years. This price decline was a function of many things, such as rising interest rates, leverage, and inflation. Today, the macro environment is much improved, with lower interest rates and inflation. This is bringing positive changes to Northland's financial position. Also, Northland's battery storage project is now completed and in operation, and two of its other major projects, Baltic Power and Hai Long, are nearing the end stages of their development. This will mean lower capital expenditures as well as a significant ramp-up in cash flows in the coming two years. These projects will add $600 million to Northland's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Also, they will add $200 million to Northland Power's free cash flow. Northland Power: A diversified renewable stock Northland Power has a global footprint of 3.4 gigawatts of energy in operation and 2.2 gigawatts under construction. This footprint is diversified both geographically and by energy source. From Canada to Northern Europe to Taiwan, this diversification gives Northland more stability in its operations and financial performance. Looking ahead, the two new projects that are expected to come onstream in the next couple of years will provide further diversification. Furthermore, Northland's renewable assets are also diversified across energy sources. With clean-burning natural gas, wind, solar, and battery energy storage assets, Northland is ready to meet the demand growth for renewable energy. A strengthening balance sheet Finally, I'd like to address Northland's balance sheet. As you know, the company's business is highly capital-intensive. Back in 2021, Northland's long-term debt peaked at over $7 billion. Today, the company has managed to bring this debt level down to $6.1 billion. Also, as you know, interest rates have come down significantly in recent years. They hit 5% in 2023, but have since declined to the current 2.75%. This, coupled with Northland's debt reduction, is resulting in lower interest payments and healthier financials. The company currently has $1.1 billion of liquidity on the balance sheet to fund new projects. Management's guidance for adjusted EBITDA in 2025 is $1.3 billion to $1.4 billion. This represents an increase of between 3% and 11% versus 2024. As we head into 2026 and 2027, cash flow will get an additional boost from the newly completed projects, Hai Long and Baltic Power. The bottom line In closing, this renewable energy stock is gearing up to really see the benefits from its recent capital-intensive years. As its two new projects come into service in the next couple of years, cash flows will get a boost, and Northland's risk profile will decrease. As a result, the stock's valuation will rise. The post This Renewable Energy Stock Is Down 35% and Ready to Soar appeared first on The Motley Fool Canada. More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Karen Thomas has a position in Northland Power. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Yahoo
A 7.6% Dividend Stock Paying Cash Every Single Month
Written by Kay Ng at The Motley Fool Canada Are you looking for high monthly income from your investments? Whitecap Resources (TSX:WCP), a Canadian oil-weighted producer, might be flying under your radar. While energy stocks are often seen as volatile and more suitable for trading than income, Whitecap Resources breaks this notion with a hefty 7.6% dividend yield — paid in cash every single month. At a recent share price of $9.63, a $10,000 investment in Whitecap would generate approximately $757 annually, or about $63 per month. But is this eye-catching dividend too good to be true? Is the dividend safe? One of the first questions any prudent investor should ask is whether a high dividend is sustainable. In Whitecap Resources's case, the short answer is yes — for now. Whitecap's dividend is currently covered by both its free cash flow and earnings. Over the trailing 12 months, the company paid out only 68% of its free cash flow and 47% of its net income. With a breakeven West Texas Intermediate oil price of around US$55 per barrel — and current oil prices sitting above US$68 — there's a decent cushion. This year, the company is targeting production between 295,000 and 300,000 barrels of oil equivalent per day and expects to generate $2.8 billion in funds flow, or about $2.79 per share. Its planned capital expenditures total $2.0 billion, which still leaves room to support dividend payments — $431.4 million over the past 12 months — with some flexibility left over. To top it off, Whitecap is considering buying back shares, a move that can enhance shareholder value over time, especially since shares appear to be undervalued at the moment. Its balance sheet remains solid, with a long-term debt-to-capital ratio of just 13.7%. The risk you can't ignore However, it would be misleading to focus only on the present. Whitecap Resources's dividend history shows that it is highly sensitive to extreme market downturns. In 2020, during the pandemic-induced oil crash, Whitecap cut its dividend by 36%. Back in 2016, amid another energy price collapse, the dividend was slashed by nearly 54%. Each time, share prices also plummeted — falling below $1 during COVID and to around $6 in 2016. But there's a silver lining: both times, Whitecap raised its dividend again once markets recovered. That speaks to a management team willing to restore income when the business stabilizes, though it's clear the payout isn't immune to commodity price shocks. Investors should view Whitecap as a high-yield play with built-in volatility. It's best suited as a satellite position in a diversified portfolio — something to juice income or as a trading position that targets total returns with a focus on price gains, not something to anchor your retirement. Should you buy now? Whitecap Resources reports its second-quarter results on July 23, so waiting for that update could offer added clarity on the business performance and guidance. In the meantime, analysts believe the stock is undervalued by over 20% based on current oil prices and forecasted cash flows. That discount, paired with a secure (for now) 7.6% yield, makes this one of the more compelling income opportunities on the TSX. Bottom line: Whitecap pays a mouth-watering monthly dividend, backed by current cash flow, solid operations, and a strong balance sheet. Just don't forget — it's still an energy stock. If you've got the stomach for some bumps and a long-term outlook, this could be one dividend payer worth holding through the cycles. The post A 7.6% Dividend Stock Paying Cash Every Single Month appeared first on The Motley Fool Canada. More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Kay Ng has no position in any of the stocks mentioned. The Motley Fool recommends Whitecap Resources. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
10 hours ago
- Hamilton Spectator
Clip Money Inc. Announces US$4,000,000 Financings
TORONTO, July 18, 2025 (GLOBE NEWSWIRE) — Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) ('Clip Money' or the 'Company'), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce the closing of a non-brokered private placement of an unsecured convertible note (the 'Convertible Note') for gross proceeds of US$3,000,000 (or CAD$4,125,900, based on a CAD/USD exchange rate of US$1 = CAD$1.3753) to Cardtronics Inc. ('Cardtronics'), a subsidiary of NCR Atleos Corporation (the 'Convertible Note Financing'). Cardtronics is Clip Money's largest shareholder and also a strategic commercial partner through the NCR Atleos Allpoint ATM network. Cardtronics' continued support highlights its confidence in the Clip Money solution and team. Separately, Clip Money is also pleased to announce the closing of a non-brokered private placement of 6,876,500 common shares in the capital of the Company ('Common Shares') at a price of CAD$0.20 per Common Share for gross proceeds of US$1,000,000 (or CAD$1,375,300, based on a CAD/USD exchange rate of US$1 = CAD$1.3753) to two insiders of the Company (the 'Equity Financing', together with the Convertible Note Financing, the 'Financings'). The Convertible Note will accrue simple interest at a rate of 13% per annum. The Company will make quarterly cash interest payments in satisfaction of a portion of the interest that accrues on the principal amount of the Convertible Note in the preceding quarter. The principal amount of the Convertible Note outstanding on the Maturity Date plus all accrued and unpaid interest thereon that has not been previously paid in connection with the quarterly interest payments will be due and payable in full on, July 18, 2030 (the 'Maturity Date'). On the Maturity Date, payment of the principal amount of the Convertible Note then outstanding will be satisfied by the Company, at Cardtronics' sole discretion, through: (i) a cash payment equal to the entirety of the principal amount of the Convertible Note then outstanding; (ii) the issuance of a number of Common Shares equal to the entirety of the principal amount of the Convertible Note then outstanding divided by CAD$0.55 (the 'Conversion Price'); or (iii) a combination of a cash payment and the issuance of Common Shares at the Conversion Price, provided that at least 50% of the principal amount of the Convertible Note then outstanding must be converted into Common Shares. On the Maturity Date, payment of all accrued and unpaid interest up to and including the Maturity Date that has not been previously satisfied by way of the quarterly interest payments will be satisfied by the Company, at Cardtronics' sole discretion, through: (i) a cash payment equal to the entirety of all accrued and unpaid interest up to and including the Maturity Date; (ii) the issuance of a number of Common Shares equal to the entirety of the accrued and unpaid interest up to the Maturity Date divided by the then-prevailing market price of the Common Shares on the TSX Venture Exchange (the 'TSXV'), subject to prior written approval of the TSXV; or (iii) a combination of a cash payment and the issuance of Common Shares at the then prevailing market price of the Common Shares on the TSXV, subject to prior written approval of the TSXV. Subject to the terms of the Convertible Note, if the Company redeems all or a portion of the Convertible Note prior to the three year anniversary thereof, it must pay a redemption price equal to 102% of the portion of the principal amount of the Convertible Note being redeemed plus all accrued and unpaid interest up to and including the redemption date on the portion of the principal amount being redeemed. Such a redemption shall be payable in cash or, at the election of the holder and subject to the prior written approval of the TSXV, be payable in Common Shares pursuant to the terms of the Convertible Note. Subject to the terms of the Convertible Note, if the Company redeems all or a portion of the Convertible Note after the three year anniversary thereof and until the date that is one day before the Maturity Date, it must pay a redemption price equal to 101% of the portion of the principal amount of the Convertible Note being redeemed plus all accrued and unpaid interest up to and including the redemption date on the portion of the principal amount being redeemed. Such a redemption shall be payable in cash or, at the election of the holder and subject to the prior written approval of the TSXV, be payable in Common Shares pursuant to the terms of the Convertible Note. The Financings represent related-party transactions under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101'), but are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transactions nor the consideration paid exceeds 25% of the Company's market capitalization. All securities to be issued in connection with the Equity Financing and the Convertible Note Financing are subject to a statutory hold period of four months plus a day from the date hereof in accordance with applicable securities legislation in Canada. The Company intends to use the net proceeds from the Financings for network expansion and customer acquisition, new unit capital expenditures, business operations and technology and for general corporate purposes. There was no finder's fee paid in connection with the Financings. EARLY WARNING DISCLOSURE REGARDING BRIAN BAILEY In connection with closing of the Equity Financing, Brian Bailey, president and chief operating officer of Clip Money, acquired 3,438,250 Common Shares at a price of CAD$0.20 per Common Share pursuant to the terms of a subscription agreement. Prior to closing of the Equity Financing, Mr. Bailey beneficially owned, directly or indirectly, (i) 7,233,766 Common Shares, (ii) a convertible note in the principal amount of CAD$367,518 (the 'Bailey Convertible Note') that is convertible into 735,036 Common Shares, in whole or in part, at the option of Mr. Bailey, based on the principal amount of the Bailey Convertible Note divided by the conversion price of CAD$0.50, (iii) 455,118 common share purchase warrants ('Warrants') exercisable for 455,118 Common Shares, and (iv) 1,449,650 options exercisable for 1,449,650 Common Shares (the 'Options'), representing approximately 6.86% of the issued and outstanding Common Shares of Clip Money on a non-diluted basis and approximately 9.14% of the issued and outstanding Common Shares of Clip Money on a partially diluted basis assuming the full conversion of the Bailey Convertible Note and the full exercise of the Warrants and Options. Following closing of the Equity Financing, Mr. Bailey will own (i) 10,672,016 Common Shares, (ii) the Convertible Note, (iii) 455,118 Warrants and (iv) 1,449,650 Options, representing approximately 9.51% of the issued and outstanding Common Shares of Clip Money on a non-diluted basis and approximately 11.59% of the issued and outstanding Common Shares of Clip Money on a partially diluted basis assuming the full conversion of the Bailey Convertible Note and the full exercise of the Warrants and Options. The securities of Clip Money are being held by Mr. Bailey for investment purposes and Mr. Bailey will evaluate his investment in the Company from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease his shareholdings through market transactions, private agreements, or otherwise. This news release is being issued under the early warning provisions of Canadian securities legislation. A copy of the early warning report to be filed by Mr. Bailey in connection with the transactions described above will be available on the Company's SEDAR+ profile at . A copy of such report may also be obtained by contacting Joseph Arrage by telephone at 844-593-2547 or by email at jarrage@ . The Company's registered office is located at 333 Bay Street, Suite 3400, Toronto, Ontario, M5H 2S7. About Clip Money Inc. Clip operates a multi-bank self-service deposit system for businesses through the Clip Money network that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box or ClipATM located near them. After being deposited, the funds will automatically be credited to the business' bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit . Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. For further information, please contact: Joseph Arrage Chief Executive Officer tel: 844-593-2547
