Mr. Igor Gonzales reports
SIERRA METALS ANNOUNCES AUTOMATIC SHARE PURCHASE PLAN
Sierra Metals Inc., in connection with
its normal course issuer bid (NCIB), which was previously announced on
Dec. 11, 2018, has entered into an automatic share purchase plan
with its designated broker.
The Plan permits the Company's designated broker, CIBC Capital Markets
("CIBC"), to purchase common shares of the Company ("Common Shares") at
times when Sierra Metals ordinarily would not be active in the market
due to insider trading rules and its own internal trading blackout
periods. Purchases will be made by CIBC based upon parameters set out by
the Company prior to the commencement of any such blackout period and in
accordance with the terms of the Plan. Outside of these blackout
periods, Common Shares may continue to be purchased at the Company's
discretion, subject to the rules of the TSX and applicable securities
laws. The Company's NCIB commenced on December 17, 2018 and will remain
active until December 16, 2019.
About Sierra Metals
Sierra Metals Inc. is Canadian based growing polymetallic mining company
with production from its Yauricocha Mine in Peru, and its Bolivar and
Cusi Mines in Mexico. The Company is focused on increasing production
volume and growing mineral resources. Sierra Metals has recently had
several new discoveries and still has additional brownfield exploration
opportunities at all three Mines in Peru and Mexico that are within or
close proximity to the existing Mines. Additionally, the Company has
large land packages at all three Mines with several prospective regional
targets providing longer term exploration upside and mineral resource
growth potential.
We seek Safe Harbor.
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