MVC Resources in Talks with Boutique Investment Banks Regarding Potential IPO

Santiago, Chile, March 10, 2017 –(PR.com)– MVC Resources has been considering a flotation of the business since at least 2010. The company has consistently made clear that it continues to explore the possibility, including in comments from management during a conference call in February 2017. A company spokesperson said the timing of any IPO would depend on bureaucratic approvals and market conditions.

A flotation of the Chilean business could provide funds for additional research into potential mine locations, as well as aiding exploration and extraction of existing projects.

The MVC Resources move comes amid huge expectations in relation to the value of gold futures in 2017. With macro-economic conditions relating to both Brexit and Donald Trump being in charge of the world�s largest economy, precious metal futures are headed for record-breaking gains in 2017 and beyond.

The MVC spokesman went on to say that no advisers had yet been mandated for an IPO, but a leading hedge fund has been a long-time adviser to the company.

Two sources familiar with the situation said that MVC was considering the flotation, with one adding it would be “mad not to” given the current multiples that are available in IPOs to companies with precious metal extraction capabilities.

MVC Resources last week filled a vacant spot on its management team by naming a former director of a leading Swiss banking institution as its chief financial officer (CFO). In December of last year, MVC published a recruitment advert for a CFO in which it said, “IPO experience would be an advantage.”

MVC Resources, Av. Apoquindo 4700, Piso 11 Las Condes, Santiago, Chile. Call them on +56 225952957 or email them at info@mvcresources.com.