TSX:APMMetals and Mining
Does Andean Precious Metals (TSX:APM) Founder’s Secondary Sale Quietly Reshape Its Ownership and Governance Story?
Andean Precious Metals Corp. recently completed a C$83.11 million bought secondary offering of 7,915,000 common shares at C$10.50 each by PMB Partners LP, an entity controlled by CEO Alberto Morales, under Regulation S and Rule 144A.
The sale increases Andean’s public float and trading liquidity while Morales remains the largest shareholder under a temporary lock-up, aligning governance continuity with broader institutional ownership.
We’ll now examine how this large founder-led secondary...