Canada-based mining company Aura Minerals has announced the launch of its US public offering of common shares, following a Form F-1 registration statement filed with the US Securities and Exchange Commission (SEC).
The company aims to raise approximately $210m based on the latest share price and exchange rates.
The shares are expected to be listed on the Nasdaq Global Select Market under the symbol ‘AUGO’.
The offering is exclusive to the US only via a prospectus, with BofA Securities and Goldman Sachs & Co acting as global coordinators.
Other financial institutions, including BTG Pactual and Itaú BBA, are joint bookrunners, with additional co-managers involved. Preliminary prospectus copies will be available from BofA Securities upon request.
Aura Minerals has submitted the necessary paperwork to the SEC for the upcoming sale but is still waiting for approval. Until then, the company will not be involved in the sale of any securities or accept promises to buy them.
Aura’s offering excludes shareholders’ pre-emptive rights, aligning with the company’s memorandum and articles of association. This also applies to Brazilian Depositary Receipts holders.
The offering will not constitute a public offering in Brazil, adhering to local securities laws and regulations.
Furthermore, this offering has not been, nor will it be, registered with the CVM in Brazil.
The common shares are not to be offered or sold within Brazil, except under specific conditions that do not qualify as a public offering or distribution according to the rules and regulations governing Brazilian securities.
Furthermore, Aura Minerals entered a definitive arrangement agreement last October to acquire Bluestone Resources.
This $74.3m acquisition will include the Cerro Blanco gold project and the Mita Geothermal project.
“Aura Minerals seeks to raise $210m through public offering on Nasdaq” was originally created and published by Mining Technology, a GlobalData owned brand.
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