Aura Announces Pricing of U.S. Initial Public Offering
ROAD TOWN, British Virgin Islands, July 15, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX:ORA) (B3: AURA33) (OTCQX:ORAAF) ("Aura" or the "Company") today announced that it has priced its U.S. initial public offering of 8,100,510 common shares at a public offering price of US$24.25 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) funding the component of the upfront cash payment for the acquisition of Mineração 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 Matupá; 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 Itaú 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 Street, Charlotte, NC 28255-0001, Attn: Prospectus Department.
A registration statement relating to this offering has been ...
