Aura Minerals Inc. Press Release

ROAD TOWN, British Virgin Islands, June 24, 2020 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (the "Company" or “Aura”) today announces that the Company is launching an initial primary and secondary public offering with restricted placement efforts of Brazilian depositary receipts (certificados de depósito de ações, or "BDRs"), sponsored level II, to be issued by Itaú Unibanco S.A., as depositary institution, with each BDR representing one share of the Company (each, a “Share”) (the “Offering”). The BDRs being offered in the Offering have been approved for listing on the B3 S.A. – Brasil, Bolsa, Balcão (the “B3”). The launch of the Offering follows the Company’s announcement on June 1, 2020 of its resumption of the process commenced in the first quarter of 2020 to explore a possible initial public offering in Brazil, which plans the Company previously suspended in light of the global COVID-19 pandemic.

The Offering will consist of (i) a primary public offering with restricted efforts of, initially, 331,033 BDRs (the “Primary Offering” and the “Primary Offering BDRs”), representing 331,033 Shares, and a secondary public offering with restricted efforts of, initially, 626,090 BDRs by a certain shareholder of the Company (the “Base Offering Selling Shareholder”) (the “Secondary Offering BDRs” and, together with the Primary Offering BDRs, the “Base Offering BDRs”), representing 626,090 Shares, on the non-organized over-the-counter market, exclusively to professional investors (as defined in article 9-A of Brazilian Securities Commission (Comissão de Valores Mobiliários, or the “CVM”) Instruction No. 539, dated November 13, 2013, as amended (“CVM Instruction 539”)) located in Brazil (“Local Professional Investors”), to be placed by a syndicate of underwriters (the “Brazilian Underwriters”), pursuant to Brazilian Law No. 6,385, dated December 7, 1976, as amended (the “Brazilian Capital Markets Law”), CVM Instruction No. 332, dated April 4, 2000, as amended, CVM Instruction No. 476, dated January 16, 2009, as amended (“CVM Instruction 476”), 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; and (ii) placement efforts of the BDRs to (a) certain qualified institutional buyers (QIBs, as defined in Rule 144A promulgated under the United States Securities Act of 1933, as amended (the “Securities Act”)) in the United States, in transactions exempt from the registration requirements of the Securities Act; (b) certain accredited investors (as defined under applicable Canadian securities laws) in Canada on a private placement basis; and (c) investors elsewhere outside the United States, Canada and Brazil that are not U.S. persons (as defined in Regulation S promulgated under the Securities Act) in accordance with the applicable laws of such jurisdictions (the “Foreign Investors” and, together with the Local Professional Investors, the “Professional Investors”), and, in all cases, provided that they invest in Brazil in accordance with the investment mechanisms regulated by the Brazilian National Monetary Council, the Central Bank of Brazil and/or the CVM, by a syndicate of placement agents (the “International Placement Agents”).