14:34:37 EST Wed 21 Feb 2024
Enter Symbol
or Name

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Aura Minerals Inc (4)
Symbol ORA
Shares Issued 72,627,529
Close 2022-09-01 C$ 7.89
Market Cap C$ 573,031,204
Recent Sedar Documents

Aura target Big River receives holder OK for scheme

2022-09-02 09:17 ET - News Release

Mr. Rodrigo Barbosa reports


Big River Gold Ltd. has stated in a press release that the requisite majorities of each class of shareholders voted in favour of the proposed scheme of arrangement, pursuant to which Borborema LLC, an indirect wholly owned subsidiary of Aura Minerals Inc. (BidCo), will acquire all of the shares in Big River (other than the shares held by Dundee Resources). As previously disclosed, Aura will hold its interest in BidCo through an intermediate holding company (JVCo) with Dundee Resources, which agreed, subject to certain limited conditions, to receive shares in JVCo, in lieu of the cash consideration, in order to indirectly maintain an equity interest in Big River and form a joint venture with Aura.

Further details of the transaction shall be informed in a specific press release after the confirmation of approval of the scheme by the Supreme Court of Western Australia at a second court hearing scheduled for Sept. 8, 2022.

Next steps

Big River will now seek approval of the scheme from the court at the second court hearing.

If the court approves the scheme at the second court hearing, it is expected that the scheme will take effect on Sept. 9, 2022.

Scheme implementation is expected to occur on Sept. 20, 2022, subject to the satisfaction or waiver of the remaining conditions precedent to the scheme, including approval by the court at the second court hearing.

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: the company, its shareholders, its employees, and the countries and communities it serves. Aura calls this 360-degree mining.

Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a-Pique gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico. In addition, the company has two additional gold projects in Brazil (Almas and Matupa) and one gold project in Colombia (Tolda Fria).

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