June 25, 2020
Aura Minerals stands to raise as much as BRL1.12 billion ($210 million) from a planned share sale in Brazil if it prices the offering at the top end of target range and follows through with overallotment options, according to a securities filing on Wednesday.
The mining company included 957,123 Brazilian depositary receipts (BDRs) in the base offering, including 331,033 from Aura itself and 626,090 from shareholder Monazita Resources, according to the filing.
Aura added that it could increase th
Toronto-listed mining company could raise up to $210 mln from the sale of Brazilian depositary receipts in July