Mineros holds a 99.9975% interest in the Hemco Property through its interest in its subsidiary, Hemco Nicaragua S.A. Mineros holds a 99.995% interest in Hemco Nicaragua directly, and a further 0.0025% interest indirectly through Mineros Aluvial S.A.S. BIC (Mineros Aluvial), a wholly owned subsidiary of Mineros. The remaining 0.0025% interest in Hemco Nicaragua is held by Mercantil Colpatria S.A. (Colpatria), a major shareholder of Mineros. Hemco Nicaragua holds a 100% interest in the majority of the concessions that constitute the Hemco Property.
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