Sierra (metal band)

Sierra Metals Begins Trading on the OTCQX Best Market Under Symbol SMTSF

Retrieved on: 
Thursday, November 16, 2023

Ernesto Balarezo, CEO of Sierra Metals, commented, “Qualifying for the OTCQX Market is a milestone in our efforts to increase visibility and accessibility for our current and prospective U.S. and international shareholders.

Key Points: 
  • Ernesto Balarezo, CEO of Sierra Metals, commented, “Qualifying for the OTCQX Market is a milestone in our efforts to increase visibility and accessibility for our current and prospective U.S. and international shareholders.
  • Sierra is well positioned for growth at its mines in Peru and Mexico and we intend to support our OTCQX listing with a robust investor relation program.”
    Dentons US LLP acted as the Company’s OTCQX sponsor.
  • Upgrading to the OTCQX Market is an important step for Sierra Metals and other companies seeking to provide transparent trading for their U.S. investors.
  • For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q3 2023 Financial Results

Retrieved on: 
Wednesday, November 1, 2023

SMV -- Superintendencia del Mercado de Valores -- Información Financiera

Key Points: 
  • Sierra Metals Inc. (TSX: SMT) ("Sierra Metals" or "the Company") announces the filing at the Lima Stock Exchange (“BVL”) by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the third quarter of 2023 ("Q3 2023").
  • The Company holds an 81.8% interest in Corona.
  • The unaudited Financial Statements and MD&A can be viewed at:
    To search for the Company’s financial statements, enter the following parameters in the empty fields:
    Sierra Metals will be releasing its Q3 2023 consolidated financial results pre-market on Monday, November 13, 2023, with management hosting a Conference Call and Webcast on the same day at 11:00 AM EDT.

Sierra Metals Closes $16.4 million Private Placement

Retrieved on: 
Friday, October 13, 2023

Sierra Metals Inc. (TSX: SMT; OTC: SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) to issue 43,107,360 common shares of the Company (“Common Shares”) at a price of $0.38 per common share for aggregate gross proceeds of $16,380,796.80, a portion of which has closed in escrow.

Key Points: 
  • Sierra Metals Inc. (TSX: SMT; OTC: SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) to issue 43,107,360 common shares of the Company (“Common Shares”) at a price of $0.38 per common share for aggregate gross proceeds of $16,380,796.80, a portion of which has closed in escrow.
  • Insiders of the Company (the “Participating Insiders”) participated in the Private Placement for an aggregate amount of 2,361,453 Common Shares.
  • Further information regarding the Private Placement will be provided in a material change report to be filed by the Company.
  • The Private Placement was among the alternatives considered by Sierra Metals as part of the Company’s strategic review process conducted with the assistance of CIBC Capital Markets.

Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q2 2023 Financial Results

Retrieved on: 
Tuesday, August 1, 2023

SMV -- Superintendencia del Mercado de Valores -- Información Financiera

Key Points: 
  • Sierra Metals Inc. (TSX: SMT) ("Sierra Metals" or "the Company") announces the filing at the Lima Stock Exchange (“BVL”) by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the second quarter of 2023 ("Q2 2023").
  • The Company holds an 81.8% interest in Corona.
  • The unaudited Financial Statements and MD&A can be viewed at:
    To search for the Company’s financial statements, enter the following parameters in the empty fields:
    Sierra Metals will be releasing its Q2 2023 consolidated financial results pre-market on Monday, August 14, 2023, with management hosting a Conference Call and Webcast on the same day at 11:00 AM EDT.

Sierra Metals Announces Results of Annual and Special Meeting of Shareholders

Retrieved on: 
Wednesday, June 28, 2023

Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) hereby announces the voting results from its annual and special meeting of shareholders held on Wednesday, June 28, 2023 (the “Meeting”).

Key Points: 
  • Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) hereby announces the voting results from its annual and special meeting of shareholders held on Wednesday, June 28, 2023 (the “Meeting”).
  • A total of 126,949,634 common shares were represented at the Meeting, being 77.13% of the Company’s issued and outstanding shares.
  • Excluding the votes cast by the Dissident Shareholders, each Management Nominee received support from not less than 81% of all votes cast at the Meeting.
  • Director and chair of the Board, Oscar Cabrera, commented: “I want to thank our shareholders for their vote of confidence in the current management of Sierra Metals.

Arias Resource Capital Alerts Sierra Metals Shareholders – Purposely Misleading Press Release Pledges Support for Board; Concerns that Board May Be Trading Votes for Access to Financing Opportunities

Retrieved on: 
Saturday, June 17, 2023

ARC contacted the prominent bank on June 15, 2023 who immediately denied being the source of the press release and demanded the newswire remove the purposely misleading press release.

Key Points: 
  • ARC contacted the prominent bank on June 15, 2023 who immediately denied being the source of the press release and demanded the newswire remove the purposely misleading press release.
  • After being alerted to the purposely misleading press release by ARC, the Bank confirmed that this press release was not issued or authorized by the Bank.
  • If Sierra fails to do so, shareholders should be extremely wary of dilutive financings following the Meeting should the current Board be re-elected.
  • ARC has retained Kingsdale Advisors as its strategic shareholder, communications and proxy advisor and Stikeman Elliott LLP as its legal advisor.

Glass Lewis Recommends Voting in Favour of Sierra Metals Management Nominees

Retrieved on: 
Wednesday, June 14, 2023

Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) today announces Glass Lewis’ recommendation that shareholders vote FOR all of management’s nominees at the Company’s upcoming annual and special meeting of shareholders scheduled for June 28, 2023 (the “Meeting”).

Key Points: 
  • Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) today announces Glass Lewis’ recommendation that shareholders vote FOR all of management’s nominees at the Company’s upcoming annual and special meeting of shareholders scheduled for June 28, 2023 (the “Meeting”).
  • Furthermore, the vast majority of the management nominees have been serving on the Board for less than two years.
  • The shareholders who have contacted the Company have expressed their interest to support future financings of Sierra Metals should the opportunities present themselves.
  • There are no financial arrangements or agreements between the Company and the supportive shareholders respecting the voting for the Board’s nominees.

REPEAT - Sierra Metals’ Largest Shareholder Arias Resource Capital Files Dissident Proxy Circular, Encourages Shareholders to Vote YELLOW

Retrieved on: 
Monday, June 12, 2023

ARC is Sierra’s largest shareholder holding approximately 27% of the outstanding shares in the Company and has been a committed long-term investor since 2008.

Key Points: 
  • ARC is Sierra’s largest shareholder holding approximately 27% of the outstanding shares in the Company and has been a committed long-term investor since 2008.
  • The current Sierra Board owns less than 1% of the Company’s outstanding shares and is not motivated to protect shareholder investments.
  • The YELLOW proxy must be received prior to 5:00 p.m. (Toronto time) on Friday, June 23, 2023 to make your vote count.
  • ARC has retained Kingsdale Advisors as its strategic shareholder, communications and proxy advisor and Stikeman Elliott LLP as its legal advisor.

Sierra Metals’ Largest Shareholder Arias Resource Capital Files Dissident Proxy Circular, Encourages Shareholders to Vote YELLOW

Retrieved on: 
Monday, June 12, 2023

ARC is Sierra’s largest shareholder holding approximately 27% of the outstanding shares in the Company and has been a committed long-term investor since 2008.

Key Points: 
  • ARC is Sierra’s largest shareholder holding approximately 27% of the outstanding shares in the Company and has been a committed long-term investor since 2008.
  • The current Sierra Board owns less than 1% of the Company’s outstanding shares and is not motivated to protect shareholder investments.
  • The YELLOW proxy must be received prior to 5:00 p.m. (Toronto time) on Friday, June 23, 2023 to make your vote count.
  • ARC has retained Kingsdale Advisors as its strategic shareholder, communications and proxy advisor and Stikeman Elliott LLP as its legal advisor.

Sierra Metals Announces Filing Date of Meeting Materials and Provides Additional Information on Refinancing

Retrieved on: 
Monday, June 5, 2023

Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) announces that its meeting materials (“Meeting Materials”) for its June 28, 2023 annual and special meeting of shareholders (the “2023 Annual Meeting”) will be filed under its directory on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com on Wednesday, June 7, 2023.

Key Points: 
  • Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) announces that its meeting materials (“Meeting Materials”) for its June 28, 2023 annual and special meeting of shareholders (the “2023 Annual Meeting”) will be filed under its directory on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com on Wednesday, June 7, 2023.
  • The Company is making this announcement in response to inquiries from shareholders with respect to when the Meeting Materials will be filed.
  • The Company encourages all shareholders to review the Meeting Materials and contact the Company or its advisers if they have any questions.
  • Additionally, the Company has received inquiries with respect to certain disclosure in its May 30, 2023 news release announcing the refinancing with its major lenders (the “Refinancing”).