16:34:19 EDT Thu 31 Jul 2025
Enter Symbol
or Name
USA
CA



Aura Minerals Inc (4)
Symbol ORA
Shares Issued 74,529,362
Close 2025-07-15 C$ 35.42
Market Cap C$ 2,639,830,002
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Aura Minerals prices U.S. IPO at $24.25 (U.S.) a share

2025-07-15 20:54 ET - News Release

An anonymous director reports

AURA ANNOUNCES PRICING OF U.S. INITIAL PUBLIC OFFERING

Aura Minerals Inc. has priced its United States initial public offering of 8,100,510 common shares at a public offering price of $24.25 (U.S.) per common share.

The principal purposes of this offering are to transfer Aura's principal listing venue to a stock exchange in the United States equity market, which the company believes will increase the liquidity of its common shares, as well as strengthen and diversify its shareholder base through broader access to global capital markets.

In addition to the listing, Aura intends to use the net proceeds from the offering to continue strengthening its business, which includes (A) financing the component of the upfront cash payment for the acquisition of Mineracao Serra Grande S.A. (MSG), upon and subject to closing, and any potential incremental capital expenditures required at MSG, as well as (B) providing incremental liquidity and financial flexibility to support the execution of its current strategic growth initiatives, including, but not limited to: (i) the potential advancement of its current development projects, such as Era Dorada and Matupa; and (ii) exploration initiatives to expand mineral reserves and resources of its portfolio, and (C) the remainder for general corporate purposes.

The company's common shares have been approved for listing on the Nasdaq Global Select Market and will start trading on July 16, 2025, under the ticker symbol AUGO. The offering is expected to settle on or about July 17, 2025, subject to customary closing conditions. In connection with the offering, Aura has granted to the underwriters a 30-day option to purchase up to an additional 1,215,077 common shares at the public offering price, less underwriting discounts and commissions.

BofA Securities and Goldman Sachs & Co. LLC are acting as Global Coordinators, BTG Pactual and Itau BBA are acting as joint bookrunners, and Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets and Scotiabank are acting as co-managers of the offering.

The offering is being made in the United States only by means of a prospectus. Copies of the prospectus related to the offering may be obtained, when available, from BofA Securities, 201 North Tryon St., Charlotte, N.C., 28255-0001, attention: prospectus department.

Shareholders' preemptive rights in new shares issuances, such as the offering, are expressly excluded pursuant to the company's memorandum and articles of association. There will be no pre-emptive right for the Brazilian depositary receipts holders in connection with the public offering.

The offering will not be carried out by any means that would constitute a public offering in Brazil under Law No. 6,385, dated Dec. 7, 1976, as amended, and under Brazilian Securities Commission (CVM) Resolution (Resolucao) No. 160, dated July 13, 2022, as amended (CVM Resolution 160). The offering has not been and will not be registered with the CVM in Brazil. The common shares may not be offered or sold in Brazil except in circumstances which do not constitute a public offering for distribution under Brazilian securities laws and regulations.

No prospectus has been filed with any securities commission or similar regulatory authority in Canada in connection with this offering. The offering will not be made available to the public in Canada. Any offering into Canada will be made exclusively by way of a private placement pursuant to an exemption from the prospectus requirements of applicable Canadian provincial and territorial securities laws, and is subject to receipt of approval from the TSX. In Canada, only investors purchasing, or deemed to be purchasing, as principal that are accredited investors (as defined in National Instrument 45-106 -- Prospectus Exemptions or Subsection 73.3(1) of the Securities Act (Ontario)) and are permitted clients (as defined in National Instrument 31-103 -- Registration Requirements, Exemptions and Ongoing Registrant Obligations) are eligible to invest.

About Aura Minerals Inc.

Aura is focused on mining in complete terms -- thinking holistically about how its business impacts and benefits every one of its stakeholders: its company, its shareholders, its employees, and the countries and communities it serves. The company call this 360-degree mining.

Aura is a company focused on the development and operation of gold and base metal projects in the Americas. The company's five operating assets include the Minosa gold mine in Honduras; the Almas, Apoena and Borborema gold mines in Brazil; and the Aranzazu copper, gold and silver mine in Mexico. Additionally, the company owns Era Dorada, a gold project in Guatemala; Tolda Fria, a gold project in Colombia; and three projects in Brazil: Matupa, which is under development; Sao Francisco, which is in care and maintenance; and the Carajas copper project in the Carajas region, in the exploration phase.

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