ROAD TOWN, British Virgin Islands, Jan. 14,
2025 /CNW/ - Aura Minerals Inc. (TSX: ORA)
(B3: AURA33) ("Aura" or the "Company"), announces
that in connection with the completion of its previously
announced plan of arrangement and acquisition of Bluestone
Resources Inc. ("Bluestone"), Aura has acquired 152,494,962
common shares of Bluestone, being all of their issued and
outstanding common shares.
Under the terms of the Arrangement, Aura acquired all of the
issued and outstanding Common Shares from the former shareholders
of Bluestone by payment of C$26,255,313.33 in cash and the issuance
1,007,186 Aura shares. Aura also issued contingent consideration in
the form of 146,519,452 contingent value rights (each a
"CVR") providing each holder thereof with the potential to
receive up to C$0.2120 for each CVR
held, payable in three equal annual installments, contingent upon
the occurrence of certain milestone events.
Prior to the completion of the Arrangement, Aura owned a total
of 5,975,510 Common Shares of Bluestone. Accordingly, the
acquisition of the Common Shares represents an increase in Aura's
beneficial ownership and control from 3.91% to 100% of the issued
and outstanding Common Shares, following completion of the
Arrangement.
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 Apoena (EPP) and Almas gold mines in Brazil, and the Minosa (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 Aura Carajas copper project in the prolific Carajás region
of Brazil.
This news release is issued pursuant to National Instrument
62-103 – The Early Warning System and Related Take-Over Bid and
Insider Reporting Issues. An early warning report will be
electronically filed with the applicable securities commission in
each jurisdiction where Bluestone is a reporting issuer and will be
available on Bluestone's SEDAR+ profile at www.sedarplus.ca.
SOURCE Aura Minerals Inc.