Aura Minerals Provides Update on Filing of First Quarter Results
May 14 2020 - 8:46PM
Aura Minerals, Inc. (“
Aura Minerals” or the
“
Company”) today announces that the Company
intends to rely on Ontario Instrument 51-502 – Temporary Exemption
from Certain Corporate Finance Requirements (and equivalent relief
granted by securities regulatory authorities in other provinces of
Canada in which the Company is a reporting issuer) (collectively,
the “
Blanket Relief”) to delay filing of its
interim financial statements for the first quarter of 2020, its
associated management’s discussion and analysis and related
certification filings for the first quarter of 2020 (collectively,
the “
First Quarter Results”).
In accordance with the Blanket Relief, which
provides for up to a 45-day extension for periodic filings normally
required to be made by reporting issuers on or before June 1, 2020,
the Company plans to file its First Quarter Results on or before
May 29, 2020.
The Company further confirms that there have
been no material business developments since the date of filing of
the Company’s financial statements for the twelve-month period
ended December 31, 2019, except as described below:
- The announcement of plans for an initial public offering and
listing in Brazil (the “Brazilian IPO”), as
described more fully in a press release dated March 3, 2020, and
the subsequent announcement by the Company of the postponement of
the Brazilian IPO due to the impact of the COVID-19 pandemic (the
“Pandemic”) on market conditions, as described
more fully in a press release dated March 24, 2020.
- The announcement of an update in respect of the mineral
reserves and resources of the Company, as described more fully in a
press release dated March 3, 2020.
- The announcement of the execution of certain definitive
agreements by the Company in connection with the purchase of the
Gold Road Project from Para Resources Inc., as described more fully
in a press release dated March 9, 2020 and a material change report
dated March 17, 2020, which purchase was subsequently completed on
March 27, 2020, as described more fully in a press release dated
March 30, 2020.
- Announcements regarding the impact of the Pandemic on the
Company’s operations, as described more fully in press releases
dated March 30, 2020, April 20, 2020, April 28, 2020, and May 4,
2020, which impacts have included the temporary suspension and/or
scale back of our workforce and operations at the Company’s
properties as a result of government-imposed restrictions on
business activities, and which restrictions are expected at this
time, with respect to the San Andres Mine in Honduras, to have a
material impact on the Company’s financial performance during the
first half of 2020.
- The announcement of the appointment of Mr. Fabio Ribeiro to the
board of directors of the Company, as described more fully in a
press release dated April 29, 2020.
Aura Minerals confirms that its management and other insiders
are subject to an insider trading black-out policy that reflects
the principles of section 9 of National Policy 11-207 –
Failure-To-File Cease Trade Orders and Revocations in Multiple
Jurisdictions.
Forward-Looking Information
This press release contains “forward-looking
information” and “forward-looking statements”, as defined in
applicable securities laws (collectively, “forward-looking
statements”) which include, but are not limited to, the
timing of the filing of the its First Quarter Results; the duration
or extent of the restrictions and suspensions imposed by
governmental authorities as a result of the Pandemic, and the
effect that any such restrictions or suspensions may have on our
operations and our financial results; and the impact of the
Pandemic on our workforce and financing plans, and what effect
those impacts, if they occur, would have on our business.
Known and unknown risks, uncertainties and other
factors, many of which are beyond the Company’s ability to predict
or control, including any changes to the conditions and limitations
imposed by governmental authorities in response to the Pandemic and
the duration of such conditions or limitations, could cause actual
results to differ materially from those contained in the
forward-looking statements. Specific reference is made to the most
recent Annual Information Form on file with certain Canadian
provincial securities regulatory authorities for a discussion of
some of the factors underlying forward-looking statements.
All forward-looking statements herein are
qualified by this cautionary statement. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements whether as a result of new information
or future events or otherwise, except as may be required by law. If
the Company does update one or more forward-looking statements, no
inference should be drawn that it will make additional updates with
respect to those or other forward-looking statements.
About Aura 360° Mining
Aura is focused on mining in complete terms –
thinking holistically about how its business impacts and benefits
every one of our stakeholders: our company, our shareholders, our
employees, and the countries and communities we serve. We call this
360° Mining.
Aura is a mid-tier gold and copper production
company focused on the development and operation of gold and base
metal projects in the Americas. The Company’s producing assets
include the San Andres gold mine in Honduras, the Ernesto/Pau-a
-Pique gold mine in Brazil, the Aranzazu copper-gold-silver mine in
Mexico and one pre-operational gold mine in the United States, Gold
Road. In addition, the Company has two additional gold projects in
Brazil, Almas and Matupá, and one gold project in Colombia, Tolda
Fria.
For further information, please visit Aura’s website at
www.auraminerals.com or contact:
Rodrigo BarbosaPresident & CEO305-239-9332
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