07:14 AM EST, 12/10/2024 (MT Newswires) -- Sun Valley Investments on Tuesday said it completed its previously announced public offer to buy common shares of Mineros S.A. ( MNSAF ) at C$0.975 per common share payable in cash on Dec. 9. This is well below where MSA is trading in Canada.

The private investment company said it acquired 17.57 million common shares under the offer for a total aggregate consideration of C$17.13 million. Following the deal, Sun Valley beneficially owns and exercises control over 92.48 million common shares for about 30.85% of the issued and outstanding common shares as of Dec. 10.

MSA rose 4.5% to $1.61 and hit a fresh 52-week high of $1.63 in Canada yesterday.