Industria
ORVANA ANNOUNCES FULL PLACEMENT OF US$24.98 MILLION EMIPA BONDS II ON OPENING DAY OF TRADING IN BOLIVIA
TORONTO , Sept. 2, 2025 /PRNewswire/ -- (TSX: ORV) (the " " or " ") is pleased to announce that on September 1, 2025 , its Bolivian subsidiary, Empresa Minera Paitití S.A. (" "), successfully completed the full placement of its second bond issuance in Bolivia (the " "). The net proceeds of the EMIPA Bonds II Issuance will be allocated to the Oxides Stockpile Project (the " "). The closing of the EMIPA Bonds II Issuance follows Orvana's August 29, 2025 announcement that EMIPA had received regulatory approval for the US$24.98 million issuance .
The bonds have been offered exclusively by EMIPA through the Bolivian Stock Exchange. Orvana has not offered any securities under this financing initiative and has not received any proceeds from the EMIPA Bonds II Issuance.
Juan Gavidia , CEO of Orvana Minerals Corp. stated: "
Background
On August 27, 2025 EMIPA received the regulatory approval of the US$24.98 million EMIPA Bonds II Issuance and, subsequently announced its intention to launch the offering on a best-efforts basis through the Bolivian Stock Exchange.
EMIPA Bonds II Issuance – Highlights:
: Bonos Emipa II
: Bonds, mandatory and redeemable in a fixed term
: US$
: 24,980
: US$1.000,00 per unit
: US$24.98 million
: August 28, 2025
: 180 calendar days from August 28, 2025 , unless extended in accordance with applicable Bolivian regulations (expected to close on or before
February 24, 2026 )
: None
: February 19, 2027
: 10% nominal, annual and fixed; interest payable in two instalments: the first approximately 360 days from issuance, the second approximately 180 days thereafter, in accordance with the official coupon schedule
Additional funding will be required to fully finance the development of the OSP. The ability to secure such funding is subject to a variety of factors, including market conditions, regulatory approvals, and operational performance. A more detailed discussion of the risks associated with Orvana's operations in
Bolivia , including permitting, political and regulatory considerations, and financing requirements, can be found in the Company's most recent Annual Information Form and Management's Discussion and Analysis, available on SEDAR+ at www.sedarplus.ca. These filings should be reviewed in conjunction with this news release for a comprehensive understanding of the Company's Bolivian operations and related risk factors.
Orvana is a multi-mine gold-copper-silver company. Orvana's assets consist of the producing El Valle and Carlés gold-copper-silver mines in northern Spain , the Don Mario gold-silver property in Bolivia , and the Taguas property located in Argentina . Additional information is available at Orvana's website (www.orvana.com).
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