ROAD TOWN, British Virgin Islands, Jan. 13, 2025 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX: ORA, B3: AURA33) (“Aura” or the “Company”), is pleased to announce that Aura has completed the previously announced acquisition of Bluestone Resources Inc. (“Bluestone”) by way of a plan of arrangement under Part 5 of Division 9 of the Business Corporations Act (British Columbia) (the “Transaction”).
Aura paid approximately C$26,255,313 in cash, C$0.287 for each Bluestone Share held, and issued 1,007,186 Aura shares, 0.0183 common shares of Aura for each Bluestone Share held. Bluestone shareholders also received contingent consideration in the form of contingent value rights (“CVRs”) providing the holder thereof with the potential to receive a cash payment of up to an aggregate amount of C$0.2120 for each Bluestone Share, payable in three equal annual installments, contingent upon the Cerro Blanco gold project…
