EMPLOYEES

SET UP A
COMPANY TO

HOLD ASSETS

PUBLIC PRIVATE HOLDING DOE RUN

COMPANY COMPANY COMPANY PERU

100% 100%

COBRIZA LA OROYA
 DRP PROVIDES
ASSETS TO HOLDING
COMPANY TO
SETTLE DEBTS

PUBLIC PRIVATE HOLDING DOE RUN

COMPANY COMPANY COMPANY PERU

IF COBRIZA IS TO BE
THE PRIVATE SOLD FOR CASH,
COMPANY SIGNS AN COBRIZA CAN BE
AGREEMENT TO TRANSFERRED IN
EXCHANGE FOR A
ACQUIRE BOTH COMMITMENT TO
COBRIZA AND LA MAKE ONE OR MORE
100% 100% CASH PAYMENTS AS
OROYA FROM THE
THE TRANSACTION
HOLDING COMPANY PROCEEDS
IN EXCHANGE FOR
CASH, SHARES AND COBRIZA LA OROYA
MONEY SPENT TO
IMPROVE THE
PROJECTS FOR ALL

OWNERS
 THE PRIVATE COMPANY ACQUIRES 51% OF COBRIZA


PUBLIC PRIVATE HOLDING DOE RUN
COMPANY COMPANY COMPANY PERU

CASH, CASH?
SHARES,
PROJECT
DEVELOPMENT
51% 100%

COBRIZA LA OROYA
 PUBLIC PRIVATE HOLDING DOE RUN
COMPANY COMPANY COMPANY PERU

51% 100%

COBRIZA LA OROYA

NOTE: THE PIE CHART REPRESENTING OWNERSHIP IS FOR EXPLANATION ONLY.

IT DOES NOT REFLECT AN ACCURATE PERCENTAGE OWNERSHIP. SHARES OF THE PUBLIC COMPANY
AND THE PRIVATE COMPANY WILL BE SOLD TO RAISE CASH. AS A RESULT, THE PERCENTAGE
OWNERSHIP OF EXISTING SHAREHOLDERS (INCLUDING THE HOLDING COMPANY) IS REDUCED.
 THE PRIVATE COMPANY GOES PUBLIC


PUBLIC PRIVATE HOLDING DOE RUN
COMPANY COMPANY COMPANY PERU

MERGE

THE PRIVATE
COMPANY GOES
PUBLIC IN CANADA 51% 100%
BY MERGING WITH
AN EXISTING
COMPANY THAT IS COBRIZA LA OROYA
CURRENTLY
TRADING OR MEETS
REQUIREMENTS
FOR TRADING
 THE HOLDING
COMPANY NOW
OWNS SHARES IN
THE PUBLIC
COMPANY

PUBLIC HOLDING DOE RUN

COMPANY COMPANY PERU

THE HOLDING
COMPANY
DISTRIBUTES
SHARES AS A
SPECIAL CLASS OF
51% 100% SHARES TO
THE EXISTING EMPLOYEES. THESE
AGREEMENT TO SHARES WILL HAVE
ACQUIRE COBRIZA COBRIZA LA OROYA THE RIGHT TO ELECT
AND LA OROYA ONE DIRECTOR TO
NOW BELONGS TO THE BOARD TO
THE PUBLIC REPRESENT
COMPANY EMPLOYEE
INTERESTS
THE PUBLIC COMPANY ACQUIRES THE REST OF COBRIZA


PUBLIC HOLDING DOE RUN
COMPANY COMPANY PERU

CASH, CASH?
SHARES,
PROJECT
DEVELOPMENT
100%
51% 100%

COBRIZA LA OROYA
 
THE PUBLIC COMPANY ACQUIRES LA OROYA

PUBLIC HOLDING DOE RUN

COMPANY COMPANY PERU

CASH,
SHARES,
PROJECT CASH?
DEVELOPMENT

100%
51% 100%
51%

COBRIZA LA OROYA
 THE METAL PARTNER INVESTS $200M IN THE COPPER CIRCUIT TO
ACQUIRE CONTROLLING INTEREST IN LA OROYA


PUBLIC HOLDING
COMPANY COMPANY

METAL
PARTNER

75%?
100%
51% 51%

COBRIZA LA OROYA