VANCOUVER,
Aug. 23, 2013 /CNW/ - Sierra
Metals Inc. (TSX:SMT) (BVL:SMT) ("Sierra Metals" or the
"Company") announces that it has signed an amended and restated
dealer agreement (the "Amended Agreement") with a
designated broker (the "Broker") in respect of its
previously announced normal course issuer bid
("NCIB"). The Company and the Broker entered into a
dealer agreement dated March 26,
2013, as amended on May 10,
2013, whereby the Broker was engaged to operate an automatic
share purchase plan (the "ASPP") under the NCIB.
Reference should be made to the Company's press releases dated
March 26, 2013 and May 10, 2013, respectively, for further details
regarding the ASPP and the NCIB.
The primary amendment agreed between the parties
under the Amended Agreement is the conversion of the ASPP into a
discretionary share purchase plan (the "DSPP").
Pursuant to the DSPP, the Broker will only trade with the Company's
expressed instructions. The NCIB will end on April 1, 2014.
About Sierra Metals
Sierra Metals Inc. is a Canadian mining company
focused on precious and base metals from its Yauricocha Mine in
Peru, its Bolivar Mine and Cusi
Mine 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 Company's shares trade on the Bolsa de
Valores de Lima and the Toronto
Stock Exchange under the symbol "SMT".
Forward-Looking Statements
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 might
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.