Peruvian mining company Alpayana S.A.C. has announced its intention to acquire all outstanding common shares of Canadian miner Sierra Metals Inc. at a revised all-cash offer of C$1.15 per share. This offer represents a 50 percent premium over Sierra's closing share price of C$0.77 on December 13, 2024. The offer is set to expire at 5:00 p.m. (Toronto time) on May 12, 2025. Alpayana has stated that, provided the statutory minimum tender condition of 50 percent is satisfied, it intends to waive all remaining conditions of the offer and proceed with the acquisition. The company has also indicated that it will consider extending the offer period by at least 10 days to allow remaining shareholders the opportunity to tender their shares.