Mineros to cough up $49.3M for Nicaraguan taxes

Ms. Ann Wilkinson reports MINEROS RESOLVES TAX DISPUTE WITH NICARAGUAN TAX AUTHORITIES Mineros S.A., after consulting with its legal and tax advisers, has determined to resolve a tax dispute with the government of Nicaragua through the payment of approximately $49.3-million in respect of unpaid ad-valorem taxes and related interest for the years 2019 to 2024, claimed by the government of Nicaragua. About Mineros S.A. Mineros is a Latin American gold mining company headquartered in Medellin, Colombia. The company has a diversified asset base, with mines in Colombia and Nicaragua and a pipeline of development and exploration projects throughout the region. Election of directors -- electoral quotient system The company has been granted an exemption from the individual voting and majority voting requirements applicable to listed issuers under Toronto Stock Exchange policies, on grounds that compliance with such requirements would constitute a breach of Colombian laws and regulations which require the directors to be elected on the basis of a slate of nominees proposed for election pursuant to an electoral quotient system. We seek Safe Harbor.