Immediately prior to the OPA, Sun Valley beneficially owned and exercised control over 172,122,705 Common Shares, representing 57.42% of the issued and outstanding Common Shares, valued at CAD $ 437,191,670.70 based on the closing price of Mineros shares on the Toronto Stock Exchange (“TSX”) on the Reference Date. Assuming the successful completion of the OPA, Sun Valley will acquire ownership and control of a minimum of 23,978,993 Common Shares, representing approximately 8.0% of the issued and outstanding Common Shares, and a maximum of 32,971,115 Common Shares, representing approximately 11.0% of the issued and outstanding Common Shares, pursuant to the OPA, unless the OPA is amended in accordance with the terms described in the Offer Booklet. Assuming the successful completion of the OPA, following the OPA Sun Valley will own and exercise control over a minimum of 196,101,698 Common Shares and a maximum of 205,093,820 Common Shares, respectively representing approximately 65.42% and 68.42% of the issued and outstanding Common Shares, respectively, and valued at CAD $498,098,312.92 and CAD$520,938,302.80, respectively, based on the closing price of Mineros shares on the TSX on the Reference Date. The total aggregate consideration paid by Sun Valley for Common Shares pursuant to the OPA will be a minimum of COP 131,884,461,500, equivalent to approximately CAD $43,015,327.12 as of the Reference Date, and a maximum of COP 181,341,132,500, equivalent to approximately CAD $59,146,074.11 as of the Reference Date.
