Arias Resource Capital Fund II L.P. and Arias Resource Capital Fund II (Mexico) L.P. Sale of Common Shares of Sierra Metals Inc.
June 28 2024 - 8:27PM
Since February 10, 2021, the date of the last early warning press
release, through June, 27, 2024, Arias Resource Capital Fund II
L.P. (“
ARCF II”) and Arias Resource Capital Fund
II (Mexico) L.P. (“
ARCF II Mexico”, and together
with ARCF II, the “
ARC Funds”) sold a total of
4,256,000 Common Shares of Sierra Metals Inc.
(“
Sierra”) at a price of C$0.80 per share for an
aggregate consideration of C$3,419,816.
The ARC Funds, Arias Resource Capital Management
LP (the “Manager”), Arias Resource Capital GP Ltd. (the
“General Partner”), and J. Alberto Arias own, in
the aggregate, 39,486,624 Common Shares. Following the disposition,
the Common Shares held by the ARC Funds, the Manager, the General
Partner, and J. Alberto Arias, collectively, represent
approximately 18.8% of the total outstanding Common Shares of
Sierra, representing a decrease of approximately 2.03%, as
summarized below:
|
|
Common Shares Owned |
% Change in
Ownership |
J. Alberto Arias |
|
717,110 |
0% |
ARCF II |
|
26,369,543 |
1.76% |
ARCF II (Mexico) |
|
1,145,380 |
0.27% |
Arias Resource Capital Management LP |
|
696,437 |
0% |
Arias Resource Capital GP Ltd. |
|
10,558,154 |
0% |
TOTAL: |
|
39,486,624 |
2.03% |
|
|
|
|
|
This news release has been disseminated in
accordance with the early warning requirements of Canadian
provincial securities laws.
For further information, please contact: J.
Alberto Arias, Director, phone: 305-913-5400
The dissemination of this release in the
United States or to any United States news service may constitute a
violation of U.S. securities laws.