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Ero Copper lists on TSX

2017-10-17 22:54 ET - New Listing

The Toronto Stock Exchange reports that Ero Copper Corp. will be listed at 5:01 p.m. on Oct. 18, 2017, for trading at the open on Oct. 19, 2017. According to the TSX, there will be 71,105,711 shares issued and outstanding, with 24,219,527 shares reserved for issuance. The shares will trade under the symbol ERO and Cusip No. 296006 10 9.

The TSX reports that Ero Copper is a base metals company focused on the production and sale of copper from the Vale do Curaca property in Brazil, with gold and silver produced and sold as byproducts. According to the TSX, the company does not expect to pay any dividends on its shares in the foreseeable future. The company's transfer agent and registrar is Computershare Investor Services Inc. at its principal office in Vancouver, B.C., and its fiscal year-end is Dec. 31.

As stated in its prospectus dated Oct. 11, 2017, Ero Copper's initial public offering will consist of 10 million shares from treasury at $4.75 per share for gross proceeds of $37.5-million, and 13,282,116 shares will be sold pursuant to a secondary offering by selling shareholders. The company has granted to the underwriters an overallotment option to buy up to 3,492,317 additional shares at the same price. It expects to close the offering before the open on Oct. 19, 2017.

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