Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX:
ORAAF) (“
Aura” or the
“
Company”) announced that it has today 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”), 24,000,000 units of the
Issuer (“
Units”) at a price of C$0.125 per Unit
for an aggregate purchase price of C$3,000,000. Each Unit consists
of one common share (each, a “
Share”) and 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$0.20 per Share for a period of
two years from the date hereof.
Prior to entering into the Subscription
Agreement, Aura did not own, directly or indirectly, any securities
of the Issuer. Immediately upon the closing of the Private
Placement, Aura holds 24,000,000 Shares and 24,000,000 Warrants,
representing approximately 11.35% of the issued and outstanding
Shares on a non-diluted basis and approximately 17.00% 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.
Aura is acquiring 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.
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,
British Columbia, V6C 1T2.
This press release is issued pursuant to
National Instrument 62-103 —The Early Warning System and Related
Take-Over Bid and Insider Reporting Issues, which also require a
report to be filed with regulatory authorities in each of the
jurisdictions containing additional information with respect to the
foregoing matters (the “Early Warning Report”). A
copy of the Early Warning Report will be filed with the Issuer’s
documents on the SEDAR+ website at www.sedarplus.com.
About Aura 360° Mining
Aura is focused on mining in complete terms –
thinking holistically about how its business impacts and benefits
every one of our stakeholders: our company, our shareholders, our
employees, and the countries and communities we serve. We call this
360° Mining.
Aura is a mid-tier gold and copper production
company focused on operating and developing gold and base metal
projects in the Americas. The Company has 4 operating mines
including the Aranzazu copper-gold-silver mine in Mexico, the EPP
and Almas gold mines in Brazil, and the San Andres gold mine in
Honduras. The Company’s development projects include Borborema and
Matupá both in Brazil. Aura has unmatched exploration potential
owning over 630,000 hectares of mineral rights and is currently
advancing multiple near-mine and regional targets along with the
Serra da Estrela copper project in the prolific Carajás region of
Brazil.
Forward-Looking Information
This press release contains “forward-looking
information” and “forward-looking statements”, as defined in
applicable securities laws (collectively, “forward-looking
statements”) which may include, but is not limited to, statements
with respect to the activities, events or developments that the
Company expects or anticipates will or may occur in the future,
including the Company acquiring or disposing the Issuer’s
securities and the filing of the Early Warning Report. Often, but
not always, forward-looking statements can be identified by the use
of words and phrases such as “plans,” “expects,” “is expected,”
“budget,” “scheduled,” “estimates,” “forecasts,” “intends,”
“anticipates,” or “believes” or variations (including negative
variations) of such words and phrases, or state that certain
actions, events or results “may,” “could,” “would,” “might” or
“will” be taken, occur or be achieved.
Known and unknown risks, uncertainties and other
factors, many of which are beyond the Company’s ability to predict
or control, could cause actual results to differ materially from
those contained in the forward-looking statements. Specific
reference is made to the most recent Annual Information Form on
file with certain Canadian provincial securities regulatory
authorities for a discussion of some of the factors underlying
forward-looking statements, which include, without limitation,
volatility in the prices of gold, copper and certain other
commodities, changes in debt and equity markets, the uncertainties
involved in interpreting geological data, increases in costs,
environmental compliance and changes in environmental legislation
and regulation, interest rate and exchange rate fluctuations,
general economic conditions and other risks involved in the mineral
exploration and development industry. Readers are cautioned that
the foregoing list of factors is not exhaustive of the factors that
may affect the forward-looking statements.
All forward-looking statements herein are
qualified by this cautionary statement. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements whether as a result of new information
or future events or otherwise, except as may be required by law. If
the Company does update one or more forward-looking statements, no
inference should be drawn that it will make additional updates with
respect to those or other forward-looking statements.
For more information, or to obtain a copy of the corresponding Early Warning Report, please contact:
Investor Relations
ir@auraminerals.com
www.auraminerals.com
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