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Harneys advises on ground-breaking Brazilian IPO

31 Aug 2020

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 Associate Natalie Bundy. Onshore legal counsel comprised of Pinheiro Guimarães Advogados (Brazil), Simpson Thacher & Bartlett LLP (US) and Blakes (Canada).

Authors

Greg Boyd Harneys front portrait image on a grey background
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