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VANCOUVER, June 17, 2013 /CNW/ - Sierra Metals Inc. (TSXV: SMT) (BVL:
SMT) ("Sierra Metals" or the "Company") is pleased to announce that it has retained First Canadian Capital
Corp. ("First Canadian") as a consultant to provide consulting and investor relations
First Canadian will introduce the Company to private investors,
analysts, brokers, money managers and other financial professionals,
and will generate market awareness for the projects, business and
affairs of the Company.
Under the terms of the consulting agreement with First Canadian (the "Agreement"), Sierra Metals will pay First Canadian $7,000 per month for a twelve
month initial term (with a right of termination by either party after
six months) and grant 200,000 stock options at an exercise price of
$2.50 per share, with vesting in accordance with the Agreement, the TSX
Venture Exchange (the "TSXV") policies and the Company's stock option plan. The stock options will
expire and terminate upon the earlier of: (i) 15 months from the date
of the execution of the Agreement; and (ii) 30 days after First
Canadian ceases to provide any and all services set forth in the
Agreement. The Agreement and related stock option issuance remain
subject to the approval of the TSXV.
At the Annual and Special Meeting of Sierra Metals' shareholders held on
May 29, 2013 in Lima, Peru, all of the resolutions tabled were
overwhelmingly approved by shareholders, including the re-election of
J. Alberto Arias, Douglas F. Cater, Steven G. Dean, John S. Donnelly,
Guillermo Kaelin, Philip Renaud and Daniel Tellechea as directors.
Included in the special resolutions approved at the meeting was an
amendment of the Company's articles to change the province in which the
registered office of the Company is to be situated from the Province of
Ontario to the Province of British Columbia. A reduction of the legal
stated capital account in respect of the common shares of the Company
was also approved by the shareholders.
About First Canadian Capital Corp
Based in Toronto and in the investor relations business for fifteen
years, First Canadian has assisted numerous, small-cap and mid-tier
corporations in gaining exposure and recognition within the global
investment community. First Canadian's core competencies are found in
identifying quality assets and undervalued companies with high growth
potential and providing effective investor relations and market
awareness services to these companies. First Canadian is proud to have
had two clients win the PDAC Prospector of the Year Award.
For further information on First Canadian, please visit www.firstcanadiancapital.com or contact:
First Canadian Capital Corp.
About Sierra Metals Inc.
Sierra Metals Inc. is a Canadian mining company focused on precious and
base metals from its Yauricocha mine in Peru, and its Bolivar and Cusi
mines in Mexico. In addition, Sierra Metals is exploring several
precious and base metal targets in Peru and Mexico. Projects in Peru
include Adrico (gold), Victoria (copper-silver) and Ipillo
(polymetallic) at the Yauricocha Property in the province of Yauyos and
the San Miguelito gold properties in Northern Peru. Projects in Mexico
include Bacerac (silver) in the state of Sonora, La Verde (gold) at the
Batopilas Property in the state of Chihuahua, and Las Coloradas
(silver) at the Melchor Ocampo Property in the state of Zacatecas.
The common shares of the Company trade on the Bolsa de Valores de Lima
and the TSXV under the symbol "SMT".
Neither the TSXV nor its Regulation Services Provider (as such term is
defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release.
Except for statements of historical fact contained herein, the
information in this press release may constitute "forward-looking
information" within the meaning of Canadian securities law. Other than
statements of historical fact, all statements are "forward-looking
statements", which involve various known and unknown risk and
uncertainties and other factors, including market conditions that may
affect the Company's ability to execute its current business plan.
Actual results may differ materially from results suggested in any
forward-looking statements. The Company assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements unless and until required by securities laws applicable to
the Company. Additional information identifying risks and uncertainties
is contained in filings by the Company with the Canadian securities
regulators, which filings are available at www.sedar.com.
SOURCE: Sierra Metals Inc.
For further information:
on Sierra Metals, please visit www.sierrametals.com or contact:
President & CEO
Sierra Metals Inc.
1 (866) 493‐9646
Director, Investor Relations
Sierra Metals Inc.
1 (866) 493‐9646