07:28 AM EST, 02/25/2025 (MT Newswires) -- Mineros ( MNSAF ) overnight Monday said the Colombian Superintendent of Finance issued a notice announcing an application to make a competing public tender offer to acquire up to 9% of the company's shares on the Colombia Stock Exchange (BVC) at $1.69 cash per share, payable in Colombian pesos or U.S. dollars.

The BVC suspended trading of the company's shares, but Mineros ( MNSAF ) said it does not expect trading on Canada's TSX to be halted.

The tender offer cannot be accepted by shareholders until it is approved by the Colombian regulatory and certain requirements are satisfied, Mineros ( MNSAF ) said.