Monazita Resources Ltd. Disposes of Common Shares of Aura Minerals Inc.

Road Town, Tortola, British Virgin Islands–(Newsfile Corp. – July 9, 2020) – Monazita Resources Ltd. (“Monazita Resources“), announces that on July 7, 2020 it disposed of 626,090 common shares of Aura Minerals Inc. (“Aura“) in connection with a secondary offering of Brazilian depository receipts (certificados de depósito de ações, or “BDRs“), pursuant to an Underwriting Agreement dated July 2, 2020 among the Issuer, Monazita Resources and a syndicate of underwriters (the “Underwriting Agreement“) and a Placement Facilitation Agreement dated July 2, 2020 among the Issuer, Monazita Resources and certain agents acting on their behalf in connection with the offer (the “Facilitation Agreement“). The common shares were sold at a price of Cdn$204.75 per share for aggregate consideration of Cdn$128,191,927. The common shares sold represented approximately 14.38% of Aura’s issued and outstanding common shares.

Following the completion of the secondary offering, Monazita Resources owns or has control or direction over an aggregate of 93,913 common shares representing approximately 2.16% of Aura’s issued and outstanding common shares. Monazita Resources has agreed to sell the remaining 93,913 common shares that it holds in connection with an overallotment option of BDRs, if and to the extent exercised, pursuant to the terms of the Underwriting Agreement and the Facilitation Agreement.

Monazita Resources has prepared an early warning reporting in accordance with the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that will appear under Aura’s profile on www.sedar.com.

For additional information, or to obtain a copy of the early warning report, please contact:

Monazita Resources Ltd.
Quijano Chambers, 3159
Road Town – Tortola – BVI

Attn: Maria Carolina Papa Pagano
Email:carol@yellowcreekinv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59484