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.
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.