Aura Minerals Inc. announced that the board of directors of the BVI company approved the payment of an extraordinary dividend of CAD$4 million (CAD$0.92 per common share). The dividend will be paid to shareholders of record on January 6, 2020, as of the close of business on December 27, 2019.
By words of President and CEO of Aura Minerals Mr. Rodrigo Barbosa, this dividend is the result of company’s significant progress and operational performance achieved over the past two years. He said: “Our ability to sell the Serrote Project, merge with Rio Novo and ramp up the Aranzazu Mine, which reached close to full production in the third quarter of this year, allowed us to reward shareholders. With a strong foundation of high-quality assets and strong leadership, we remain focused on driving operational efficiencies and strong financial performance while developing the projects in our pipeline for continued growth in 2020.”
BVI-registered corporation Premier African Minerals Limited announced the launch of an offer via the PrimaryBid, which was successfully completed and closed on 11 December 2019. After the closing of the offer, the BVI company has raised gross proceeds of £262,293.00 at an issue price 0.1 pence per ordinary share via the Fundraising. To satisfy the Fundraising, Premier African Minerals has issued 262,293,000 New Ordinary Shares, and the application will be made for them to be admitted to trading on AIM. The shares are expected to be admitted to trading on December 18, 2019. Following the issue of the New Ordinary Shares, the company will have 11,266,071,580 ordinary shares of nil par value in issue.
CEO of the company George Roach said in his comments: “With our Zimbabwean operations being on the verge of hopefully turning a corner, we believe that this was a good opportunity for investors to participate in a fundraise on the retail friendly platform of PrimaryBid. We wish to express our sincerest appreciation to all participants in this successful fundraise.”