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Ero Copper announces $105m financing

8th November 2023

By: Creamer Media Reporter

     

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Vancouver-headquartered Ero Copper has announced a $105-million bought-deal financing to advance growth initiatives at its mines in Brazil.

The TSX- and NYSE-listed company entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, under which the underwriters have agreed to purchase 8.51-million common shares at $12.35 a share.

The underwriters have an option to purchase an additional 15% of the offering to cover over-allotments and for market stabilisation purposes.

Ero will use the offering to advance growth initiatives at the Tucumã project and Caraíba operations, advance regional exploration programmes, as well as for general corporate and working capital purposes.

Edited by Creamer Media Reporter

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