Business
Aura Minerals Announces Filing of Early Warning Report Regarding Altamira Gold Corp.
Aura Minerals Inc. (TSX: ORA) (B3: AURA33) and (OTCQX: ORAAF) ("Aura" or the "Company") announced that it has entered into a subscription agreement (the "Subscription Agreement") with Altamira Gold Corp. (the "Issuer" or "Altamira") pursuant to which it acquired, in a non-brokered private placement (the "Private Placement"), 6,000,000 units of the Issuer ("Units") at a price of C$0.10 per Unit for an aggregate purchase price of C$600,000. Each Unit consists of one common share (each, a "Share")
About this update from Altamira Gold Corp
[{"type":"text","content":"ROAD TOWN, British Virgin Islands, July 3, 2025 /CNW/ - Aura Minerals Inc. (TSX: ORA) (B3: AURA33) and (OTCQX: ORAAF) ("Aura" or the "Company") announced that it has entered into a subscription agreement (the "Subscription Agreement") with Altamira Gold Corp. (the "Issuer" or "Altamira") pursuant to which it acquired, in a non-brokered private placement (the "Private Placement"), 6,000,000 units of the Issuer ("Units") at a price of C$0.10 per Unit for an aggregate purchase price of C$600,000. Each Unit consists of one common share (each, a "Share") and one-half of one common share purchase warrant (each, a "Warrant") of the Issuer. Each Warrant is exercisable to acquire one Share of the Issuer at an exercise price of C$0.15 per Share until June 30, 2027.","length":860,"tagName":"p"},{"type":"text","content":"Prior to entering into the Subscription Agreement, Aura held 24,000,000 Shares and 24,000,000 Warrants, representing approximately 11.3% of the issued and outstanding Shares on a non-diluted basis and approximately 20.3% of the issued and outstanding Shares on a fully diluted basis. Immediately upon the closing of the Private Placement, Aura holds 30,000,000 Shares and 27,000,000 Warrants, representing approximately 11.3% of the issued and outstanding Shares on a non-diluted basis and approximately 19.5% of the issued and outstanding Shares on a fully diluted basis. Aura acquired the Units directly from the Issuer in the Private Placement and not through the facilities of any stock exchange or other marketplace.","length":721,"tagName":"p"},{"type":"text","content":"Aura acquired the Units for investment purposes given the exploration potential of Altamira. Aura may, from time to time and depending on the market and other conditions, acquire additional securities of the Issuer, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position, depending on market conditions, reformulation of plans and/or relevant factors.","length":433,"tagName":"p"},{"type":"text","content":"For additional information on Altamira, readers are encouraged to visit: https://altamiragold.com/. Altamira's head office is located at Suite 1500 409 Granville St., Vancouver, ...