Harneys acted as BVI counsel to Aura Minerals Inc. in respect of their IPO on the Brazilian Stock Exchange on 7 July 2020. The proceeds raised R$790.1 million, generating additional capital for the multi-national mining company that owns and operates gold and copper mines in Honduras, Brazil and Mexico. Aura is already listed on the Toronto Stock Exchange.
This was a standout IPO as Aura Minerals are the first genuine foreign issuer to have securities listed on the Brazilian Stock Exchange.
Partner Greg Boyd led the Harneys team and commented: “Due to the nature of the transaction this was a learning curve for all involved and required three offering memorandums; for Brazil, the US and Canada. A huge effort was made by all the legal teams to reach completion.”
Greg was supported by Senior Associate Fergal McLoughlin based in Harneys’ Montevideo office, and Associate Natalie Bundy. Onshore legal counsel comprised of Pinheiro Guimarães Advogados (Brazil), Simpson Thacher & Bartlett LLP (US) and Blakes (Canada).