Question 1

Who agreed to acquire approximately 5% of Sinda?

Accepted Answer

Fresnillo agreed to acquire approximately 5% of Sinda via a private placement to be completed concurrently with Sinda's IPO and NYSE listing.

Question 2

Has Sinda's registration been declared effective by the SEC?

Accepted Answer

Sinda's registration has not been declared effective and the timing is subject to SEC review.

Question 3

What price will Fresnillo pay for its Sinda shares?

Accepted Answer

Fresnillo will pay the same per‑share price as IPO investors, with the final price set at IPO pricing.

Question 4

Has Sinda filed a registration statement with the U.S. Securities and Exchange Commission?

Accepted Answer

Sinda filed a Form S‑1 with the U.S. Securities and Exchange Commission.

Question 5

What rights and protections does Fresnillo's placement introduce in Sinda?

Accepted Answer

The Fresnillo placement introduces a strategic shareholder in Sinda with participation (pro‑rata) rights and customary standstill and lock‑up protections.

Question 6

When do Fresnillo's investment and investor rights in Sinda take effect?

Accepted Answer

Fresnillo's investment and related investor rights in Sinda only take effect if Sinda's IPO closes, and the timing of that closing remains subject to SEC review.

Timeline

Sinda

Fresnillo takes 5% stake in silver explorer Sinda ahead of NYSE IPO

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