Friday, January 27, 2017

Northwestern Enterprises purchased 4.2% of Aura MInerals common shares

BVI-incorporated company Northwestern Enterprises Ltd. had acquired 1,400,000 common shares of Aura Minerals, pursuant to a private share purchase agreement. The shares were bought for a total price of US$1,486,962, or US$1.062 per share, and represent approximately 4.2% of Aura's issued and outstanding common shares.

Upon the completion of the Private Purchase transaction, the BVI company owns or controls over 17,589,075 common shares which is approximately 52.6% of Aura's issued and outstanding common shares.

The transaction was completed as part of Northwestern's review of its investment holdings, and to permit it to increase its ownership in Aura.