Big River shareholders vote in favour of acquisition by Aura
02 September 2022 - 10:49PM
Aura Minerals Inc. (
TSX:ORA, B3:AURA33)
(“
Aura” or the “
Company”) is
pleased to inform that Big River Gold Limited (ASX:BRV)
(“
Big River”) announced today in a Press Release
that the requisite majorities of each class of shareholders voted
in favour of the proposed scheme of arrangement
(“
Scheme”), pursuant to which Borborema LLC, an
indirect wholly-owned subsidiary of Aura (“
BidCo”)
will acquire all of the shares in Big River (other than the shares
held by Dundee Resources). As previously disclosed, Aura will hold
its interest in BidCo through an intermediate holding company
(“
JVCo”) with Dundee Resources which agreed,
subject to certain limited conditions, to receive shares in JVCo,
in lieu of the cash consideration, in order to indirectly maintain
an equity interest in Big River and form a joint venture with Aura.
Further details of the transaction shall be
informed in a specific Press Release after the confirmation of
approval of the Scheme by the Supreme Court of Western Australia
(“Court”) at a second court hearing scheduled for
September 8, 2022 (“Second Court Hearing”).
Next steps
Big River will now seek approval of the Scheme
from the Court at the Second Court Hearing.
If the Court approves the Scheme at the Second
Court Hearing, it is expected that the Scheme will take effect on
September 9, 2022.
Scheme implementation is expected to occur on
September 20, 2022, subject to the satisfaction or waiver of the
remaining conditions precedent to the Scheme, including approval by
the Court at the Second Court Hearing.
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 the development and operation of gold and base
metal projects in the Americas. The Company’s producing assets
include the San Andres gold mine in Honduras, the
Ernesto/Pau-a-Pique gold mine in Brazil and the Aranzazu
copper-gold-silver mine in Mexico. In addition, the Company has two
additional gold projects in Brazil, Almas and Matupá, and one gold
project in Colombia, Tolda Fria.
For further information, please visit Aura’s website at
www.auraminerals.com or contact:
Rodrigo Barbosa
President
&
CEO 305-239-9332
Forward-Looking Statements in Respect of
Aura
This press release contains “forward-looking
information” within the meaning of applicable securities laws.
Forward-looking information includes statements that use
forward-looking terminology such as “may”, “could”, “would”,
“will”, “should”, “intend”, “target”, “plan”, “expect”, “budget”,
“estimate”, “forecast”, “schedule”, “anticipate”, “believe”,
“continue”, “potential”, “view” or the negative or grammatical
variation thereof or other variations thereof or comparable
terminology. Such forward-looking information includes, without
limitation, statements with respect to closing of the
Transaction.
Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered
reasonable by the Company, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
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 the
ability of the Company to achieve its longer-term outlook and the
anticipated timing and results thereof, the ability to lower costs
and increase production, the ability of the Company to successfully
achieve business objectives, copper and gold or certain other
commodity price volatility, 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, the accuracy of any mineral reserve and mineral
resource estimates, general economic conditions and other risks
involved in the mineral exploration and development industry. If
any of these risks or uncertainties materialize, or if the
opinions, estimates or assumptions underlying forward-looking
information prove incorrect, actual results or future events might
vary materially from those anticipated in forward-looking
information. Although the Company has attempted to identify
important risk factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other risk factors not presently known to the Company
or that the Company presently believes is not material that could
also cause actual results or future events to differ materially
from those expressed in such forward-looking information. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information, which speaks
only as of the date made. Forward-looking information contained in
this press release represents the Company's expectations as of the
date of this press release (or as of the date they are otherwise
stated to be made) and are subject to change after such date. The
Company disclaims any intention or obligation or undertaking to
update or revise any forward-looking information whether as a
result of new information, future events or otherwise, except as
required under applicable securities laws.
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