Mercantil Colpatria completes Mineros share sale

Mineros is a publicly listed company on the Colombian and Toronto stock exchanges.

The issuance was carried out by Mercantil Colpatria and its affiliates Vince Business Corp., Vince Business Colombia and Banderato Colombia.

This share issuance followed the first  closing in April and represented the sale of a total participation of 24.99% of the shareholding of Mineros.

The deal was completed under applicable laws in Canada and Colombia at a price of 6,239,454 Canadian dollars (around $4,600,000) for the second closing and the sold shares represent 2.49% of the issued and outstanding common shares of Mineros.

The deal represented a higher degree of complexity and a challenging and “one of a kind” deal for both the Colombian and Canadian jurisdictions, according to law firm Gómez-Pinzón Abogados, which advised Mercantil Colpatria.

The company was advised in Canada by law firm Fasken Martineau DuMoulin.

Gómez-Pinzón’s team was led by corporate and M&A partner David Quintero, with banking, finance and capital markets partner José Luis Suárez, and senior associate Juan Pablo Caicedo.

 Mercantil Colpatria’s in-house team comprised Catalina Torres Artunduaga, VP of legal and governance affairs, and Alejandra Eslava, director of corporate governance.

Fasken Martineau DuMoulin’s team was led by partners Nancy Eastman and Alex Nikolic.

The firms advising Sun Valley Investments AG were Dentons Cárdenas & Cárdenas, with a team comprising partners Santiago González, Santiago Miramón and Felipe Alarcón, and Dentons Canada, whose team comprised partner Michael Sabusco and senior associate Rocky Swanson.