TransactionsAura Minerals Inc. Closes Joint Treasury and Secondary Bought Equity Financing for $100.8 MillionPublished: 06/10/2010 On Feb. 4, 2010, Aura Minerals Inc. and Cyprus River Minerals Limited (the "Selling Shareholder") closed a bought deal public offering of 18,000,000 common shares from the treasury of the Company and 6,000,000 previously issued common shares of the Company from the holdings of the Selling Shareholder (the "Secondary Common Shares", collectively with the Treasury Common Shares the "Offered Securities") at a price of $4.20 per Offered Security for aggregate gross proceeds of $100,800,000. The Offering was led by Canaccord Financial Ltd. together with a syndicate of underwriters that included Raymond James Ltd., Wellington West Capital Markets Inc., Dundee Securities Corporation, and Genuity Capital Markets. The Company has granted to the Underwriters an option to purchase up to an additional 2,700,000 common shares from the treasury of the Company at the Issue Price to raise additional gross proceeds of up to $11,340,000 exercisable at any time, in whole or in part, up to 30 days after the closing date of the Offering. All references herein to the "Offering" shall be read to include the offering of any common shares of the Company pursuant to the Over-Allotment Option. Cassels Brock acted for Cyprus River Minerals Limited with a team that included Mark Bennett (Securities and Mining), Joan Beck (Securities) and Christine Gallo (Securities). |