LIMA, Peru, May 12, 2025 /CNW/ - Alpayana S.A.C. ("Alpayana") is pleased to announce the successful all-cash offer (the "Offer") to purchase the issued and outstanding common shares (the "Sierra Shares") of Sierra Metals Inc. ("Sierra") for C$1.15 in cash per share. As of the expiry of the initial deposit period for the Offer at 5:00 p.m. (Toronto time) on May 12, 2025 (the "Initial Expiry Time"), 152,904,401 Sierra Shares, representing approximately 70.74% of the issued and outstanding Sierra Shares, were tendered pursuant to the Offer and not withdrawn prior to the Initial Expiry Time.
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