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Aura Minerals Comments on the Secondary Public Offering of BDRs and the Request for Conversion of the BDR Program to Sponsored Level III
ROAD TOWN, British Virgin Islands, Aug. 27, 2020 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA32) (the “Company” or “Aura”) today announces that (
About this update from Aura Minerals Inc.
[{"type":"text","content":" ROAD TOWN, British Virgin Islands, Aug. 27, 2020 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA32) (the “Company” or “Aura”) today announces that (i) certain holders of shares in the capital of the Company (each share of the Company, a “Share”) have filed with the Brazilian Securities Commission (Comissão de Valores Mobiliários, or the “CVM”) a request for registration of a secondary public offering of Brazilian depositary receipts (certificados de depósito de ações, or “BDRs”), issued by Itaú Unibanco S.A., as depositary, each BDR representing one Share, pursuant to Brazilian Law No. 6,385, dated December 7, 1976, as amended, CVM Instruction No. 332, dated April 4, 2000, as amended, CVM Instruction No. 400, dated December 29, 2003, as amended, the ANBIMA Code of Regulation and Best Practices for Structuring, Coordination and Distribution of Public Offers for Securities and Public Offers for the Acquisition of Securities (Código ANBIMA de Regulação e Melhores Práticas para Estruturação, Coordenação e Distribuição de Ofertas Públicas de Valores Mobiliários e Ofertas Públicas de Aquisição de Valores Mobiliários) and other applicable legal and regulatory provisions (the “Secondary Offering”); and (ii) the Company has filed with the CVM the request for conversion of its current sponsored level II BDR program to sponsored level III BDR program. The Secondary Offering will consist of BDRs representing up to an aggregate of 2,100,000 Shares1 (corresponding to approximately 3.0% of the total outstanding Shares on the date hereof), to be described and detailed in the notice to the market (aviso ao mercado) and in the Brazilian preliminary prospectus of the Secondary Offering. The Company will not receive any funds from the Secondary Offering. The completion of the Secondary Offering and the conversion of the current sponsored level II BDR program to sponsored level III BDR program are respectively subject to the registration with or approval by the CVM. The BDRs are currently traded on the traditional securities trading segment of B3 S.A. – Brasil, Bolsa, Balcão (the “B3”) under the code “AURA32”, only among qualified investors (as defined in article 9-B of CVM Instruction No. 539, dated November 13, 2013, as amended). Upon the re...