Andean Precious Metals Announces Closing of C$95.6 Million Bought Public Secondary Offering of Common Shares by PMB Partners

Core Viewpoint - Andean Precious Metals Corp. has successfully closed a secondary offering of 9,102,250 common shares at a price of C$10.50 per share, generating total gross proceeds of C$95,573,625, aimed at increasing the company's free float and enhancing liquidity [1][3][6]. Summary by Sections Offering Details - The secondary offering was conducted publicly across all Canadian provinces and territories, excluding Québec and Nunavut, and included private placements to qualified institutional buyers in the U.S. and non-U.S. persons in other jurisdictions [2]. - The offering was led by National Bank Financial Inc. as the lead underwriter, with a syndicate of underwriters involved [3]. Shareholder Impact - Prior to the offering, the Selling Shareholder owned 79,718,750 common shares, representing approximately 53.22% of the total shares. Post-offering, this ownership decreased to 70,616,500 shares, or about 47.15% [7]. - The Selling Shareholder received C$10.50 per share for the total consideration of C$95,573,625 before commissions [6]. Capped Call Transactions - An affiliate of the Selling Shareholder entered into capped call option transactions with a financial institution, which will be net settled in cash, common shares, or a combination thereof [9]. - The average lower strike price of the capped calls is C$10.50, with a weighted average cap price of C$14.5006, covering 7,915,000 common shares [11]. Company Overview - Andean Precious Metals Corp. is focused on expanding its operations in top-tier jurisdictions in the Americas, owning and operating the San Bartolome processing facility in Bolivia and the Golden Queen mine in California [16].