Sierra Metals rejects Alpayana’s hostile C$0.85/share takeover supply (OTCQX:SMTSF)

Sierra Metals (OTCQX:SMTSF) previously rejected an unsolicited takeover bid from privately-held Peruvian miner Alpayana on Tuesday that valued it at ~C$180M as too low and opportunistic.

Sierra (OTCQX:SMTSF) stated shareholders ought to reject the all-cash C$0.85/share supply following a advice