This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Sierra Metals Submits An Application To Graduate To The TSX And Announces Appointment Of Chairman

TORONTO, March 11, 2013 /PRNewswire/ - Sierra Metals Inc. (TSXV: SMT) (BVL: SMT) ("Sierra Metals" or the "Company") is pleased to announce that it has submitted an application to list its common shares on the Toronto Stock Exchange (the "TSX"), Canada's premier stock exchange. If the application is accepted by the TSX, trading in the Company's common shares will graduate to the TSX and such common shares will cease to be listed for trading on the TSX Venture Exchange (the "TSXV"). This action follows Sierra Metals' recent announcement of a new quarterly cash dividend of $2.5 million or $0.016 per share announced on February 12, 2013.

Sierra Metals' listing on the TSX remains subject to it satisfying all applicable listing requirements and receiving approval from the TSX, which decision is expected within 60 days.

Chairman

The Company also announces the appointment of J. Alberto Arias as Chairman of the Company's board of directors (the "Board") who will succeed Mr. Steven Dean.  Mr. Dean will continue to serve as a director of Sierra Metals while contributing as a member of several committees including as Chairman of the newly created Corporate Strategy Committee. Additionally, John Donnelly has been appointed Lead Director for the Company.

Mr. Arias has been a director of the Company since 2008. He is the Founder, President and Portfolio Manager of Arias Resource Capital Management LP ("ARCM"), which is a private equity firm focused on the metals and mining sector. The investment funds managed by ARCM are a significant shareholder of the Company and exercise control or direction over approximately 52% of the outstanding common shares of the Company. Previously, Mr. Arias was a Managing Director in the Investment Research Department of Goldman, Sachs & Co., primarily focusing on the metals and mining sector. Mr. Arias was recognized five years in a row by an Institutional Investor Magazine in Latin American Metals and Mining as a top-ranked analyst.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs