Mexican silver explorer Sinda files to list on NYSE
A silver exploration and development company with mining projects in Mexico, Sinda, has filed a registration statement with the US Securities and Exchange Commission relating to a proposed initial public offering of its common stock on the NYSE.
The offering is subject to market and other conditions, including effectiveness of such registration statement, and there can be no assurance as to whether or when the offering may be commenced or completed. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Morgan Stanley, Scotiabank and BMO Capital Markets are acting as joint lead book-running managers for the proposed offering. Canaccord Genuity, Citigroup and RBC Capital Markets are acting as joint bookrunners.
Sinda has an estimated 369-million silver-equivalent ounces of inferred mineral resources and 16-million silver-equivalent ounces of indicated mineral resources in Mexico, plus incremental exploration targets of 452-million to 484 million silver-equivalent ounces.
Backed by experienced mining investors and a management team with deep Mexican operating experience, Sinda expects to execute an aggressive exploration and drilling programme, and to construct its underground decline enroute to commercial production.
