Sierra Metals to Spin Out Cautivo Mining as New Public Entity

T.SMT, Sierra Metals, Peru

Sierra Metals Inc. (TSX: SMT) is pleased to announce that shareholders have overwhelmingly voted at a special meeting of shareholders on February 16, 2017, to spin-out (the “Spin-out”) to existing shareholders its 100% owned Las Lomas Project, into a new public entity called Cautivo Mining Inc. (“Cautivo”) by approving a reduction in the capital of the common shares of Sierra Metals for the capital assigned to Cautivo Mining. The final voting results were 99.94% voting in favour of the capital reduction.

On the completion of the Spin-out, Cautivo who are the developer of the properties’ main asset will be its indirect interest in the Las Lomas Project (the “Las Lomas Project”) consisting of approximately 32,000 hectares of greenfield exploration properties located in northern Peru.
read more

Leave a Reply

Your email address will not be published. Required fields are marked *