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Aug. 23, 2013 /PRNewswire/ -
Sierra Metals Inc. (TSX:SMT) (BVL:SMT) ("Sierra Metals" or the "Company") announces that it has signed an amended and restated dealer agreement (the "
AmendedAgreement") with a designated broker
Broker") in respect of its previously announced normal course issuer bid ("
NCIB"). The Company and the Broker entered into a dealer agreement dated
March 26, 2013, as amended on
May 10, 2013, whereby the Broker was engaged to operate an automatic share purchase plan (the "
ASPP") under the NCIB. Reference should be made to the Company's press releases dated
March 26, 2013 and
May 10, 2013, respectively, for further details regarding the ASPP and the NCIB.
The primary amendment agreed between the parties under the Amended Agreement is the conversion of the ASPP into a discretionary share purchase plan (the "
DSPP"). Pursuant to the DSPP, the Broker will only trade with the Company's expressed instructions. The NCIB will end on
April 1, 2014.
About Sierra Metals
Sierra Metals Inc. is a Canadian mining company focused on precious and base metals from its Yauricocha Mine in
Peru, its Bolivar Mine and Cusi Mine in
Mexico. In addition, Sierra Metals is exploring several precious and base metal targets in
Mexico. Projects in
Peru include Adrico (gold),
Victoria (copper-silver) and Ipillo (polymetallic) at the Yauricocha Property in the province of Yauyos and the
San Miguelito gold properties in
Northern Peru. Projects in
Bacerac (silver) in the
state of Sonora,
La Verde (gold) at the Batopilas Property in the
state of Chihuahua, and
Las Coloradas (silver) at the Melchor Ocampo Property in the state of
The Company's shares trade on the Bolsa de
Valores de Lima and the Toronto Stock Exchange under the symbol "SMT".
Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Other than statements of historical fact, all statements are "forward-looking statements", which involve various known and unknown risk and uncertainties and other factors, including market conditions that may affect the Company's ability to execute its current business plan. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at
SOURCE Sierra Metals Inc.