Brief: Sierra Metals Inc. Enters Into A Binding Agreement With Silverco Mining Corp. To Sell Its Cusi Project In Mexico
22/05/2024 12:02
Sierra Metals Inc SMT.TO :
* SIERRA METALS INC. ENTERS INTO A BINDING AGREEMENT WITH
SILVERCO
MINING CORP. TO SELL ITS CUSI PROJECT IN MEXICO
* SIERRA METALS INC: PROPOSED DEAL FOR US$2.5 MILLION IN
CASH
CONSIDERATION AT CLOSING
* SIERRA METALS SECURES 2% NET SMELTER ROYALTY ON CUSI MINE
* SIERRA METALS: SMC TO HAVE RIGHT TO PURCHASE HALF OF
ROYALTY
(BEING 1.0%) AT ANY TIME IN EXCHANGE FOR CASH PAYMENT TO SIERRA
METALS OF $5 MILLION
Source text for Eikon: ID:nBw3stGCga
Further company coverage: SMT.TO
Recent news on Sierra Metals
See all newsBrief: Alpayana Intends To Acquire At C$1.15 Per Share All Sierra Shares Tendered To Revised Offer
Brief: Sierra Metals Acknowledges Receipt Of Amended Bid
Brief: Sierra Metals And Alpayana Reach Agreement In Principle For C$1.15 All-Cash Supported Take-Over Bid And Extends Offer
Brief: Sierra Metals Reiterates Recommendation To Take No Action As Alpayana Amends Hostile Bid
Brief: Sierra Metals Board of Directors Rejects Alpayana’s Hostile Bid