Mourant advises on sale of securities in landmark Brazilian IPO

Mourant has advised Monazita Resources Ltd. on the sale of its securities in Aura Minerals Inc. in the US$100 million IPO of the Toronto Stock Exchange-listed mining company.

Aura Minerals Inc.'s first public offering in Brazil, along with a concurrent listing of Brazilian depositary receipts on B3 S.A. – Brasil, Bolsa, Balcão, means that it becomes the first gold and copper production company to be listed on the São Paulo Stock Exchange.

The deal is another high profile Latin-American transaction for Mourant's team in the BVI, led by Senior Associate Saraid Taylor, working with Partner, Rachael McDonald.

Mourant Partner Rachael McDonald said: "As the first foreign issuer to have listed on the São Paulo Stock Exchange this was a landmark deal to be part of. This was a significant transaction for all parties and we're pleased to have worked with Monazita Resources Ltd. in securing the sale of its interests in Aura Minerals."

Mourant worked alongside onshore law firm, Simpson Thacher & Bartlett LLP. Milbank LLP represented the syndicate of banks in the offering.