On November 19, 2021 Mineros S.A. (TSX: MSA; MINEROS:CB), a Latin American gold mining company headquartered in Medellin, Colombia became the first Latin American company to directly list its common shares on the Toronto Stock Exchange (“TSX”). Mineros announced the closing of its previously announced initial public offering (the “Canadian Offering”) in Canada, and its over-subscribed concurrent public offering in Colombia (the “Colombian Offering”). Pursuant to the Canadian Offering, Mineros issued 22,222,223 common shares of the Company (“Common Shares”) at a price of US$0.90 (being C$1.1207) per Common Share (the “Offering Price”) for total gross proceeds of approximately US$20 million (being approximately C$24.9 million). Pursuant to the Colombian Offering, Mineros issued 12,777,777 Common Shares at the Offering Price, including 1,666,666 Common Shares following the exercise in full by the Colombian underwriter of its over-allotment option, for total gross proceeds of approximately US$11.5 million.
The Canadian Offering was led by Scotiabank and Sprott Capital Partners LP as co-lead underwriters and joint bookrunners (together, the “Underwriters”). Allende & Brea, together with Fasken Martineau DuMoulin, trough a team lead by Florencia Heredia and associates Agostina L. Martinez and Valentina Surraco Urtubey, assisted the Underwriters in relation to the Argentine aspects of the Mineros’ asset in Argentina (the Gualcamayo mine located in the province of San Juan, Argentina).
https://mineros.com.co/en/Bulletins/artmid/435/articleid/1674
