ROAD TOWN, British Virgin Islands, May 2, 2019 /CNW/ - Monazita Resources Ltd. ("Monazita Resources"), a company beneficially owned by Battersea Capital Limited, announces that it has acquired 512,195 common shares of Aura Minerals Inc. ("Aura") pursuant to a private agreement at a price of Cdn.$19.50 per share for a total price of Cdn.$9,987,802.50 (the "Private Purchase") . The common shares acquired under the Private Purchase represent approximately 11.76% of Aura's issued and outstanding common shares.
Following the completion of the Private Purchase, Monazita Resources owns or has control or direction over an aggregate of 708,603 common shares representing approximately 16.27% of Aura's issued and outstanding common shares.
The acquisition of the common shares was completed as part of Monazita Resources's ongoing review of its investment holdings, and to permit it to increase its ownership position in Aura. Monazita Resources intends to evaluate its investment in Aura on a continuing basis and may, depending on market conditions or any other relevant factors, increase or decrease its ownership, control or direction over common shares or other securities of Aura, through market transactions, private agreements or otherwise.
SOURCE Monazita Resources Ltd.
For further information: or to obtain a copy of the report required pursuant to the early warning reporting requirements, please contact: Maria Carolina Papa Pagano, Telephone: +5511 3168-1552, Email:firstname.lastname@example.org, Monazita Resources LTD, Quijano Chambers, 3159, Road Town - Tortola - BVI