Ero Copper Corp.’s $110,5 Million Initial Public Offering

Blake, Cassels & Graydon, Pinheiro Neto, Cassels Brock & Blackwell and Veirano advised on the transaction

Ero Copper Corp. closed of its initial public offering and secondary offering (of an aggregate of 23,282,116 common shares of Ero at a price of $4.75 per common share for total gross proceeds $110,590,051, with Ero and the Selling Securityholders receiving gross proceeds of $47,500,000 and $63,090,051, respectively.

The common shares will commence trading today on the Toronto Stock Exchange under the symbol “ERO”.

Pursuant to the Offering, Ero issued 10,000,000 common shares from treasury. In addition, 13,282,116 common shares were sold pursuant to a secondary offering by certain selling securityholders. Ero will not receive any proceeds from the Secondary Offering.

The Offering was managed by a syndicate of underwriters, including BMO Capital Markets and Scotiabank as lead joint bookrunners and Canaccord Genuity Corp., GMP Securities L.P., Numis Securities Limited, PI Financial Corp. and Raymond James Ltd.

Ero has granted the underwriters an over-allotment option (the “Over-Allotment Option”), exercisable in whole or in part, at the sole discretion of the underwriters, at any time and from time to time, for a period of 30 days following the closing of the Offering, to purchase up to an additional 3,492,317 common shares from Ero at the Offering Price for additional gross proceeds to the Company of $16,588,505.75 if the Over-Allotment Option is exercised in full.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws. Accordingly, the common shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Ero in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Blake, Cassels & Graydon advised Ero Copper Inc. with Bob Wooder (Picture), Kathleen Keilty, Nikita Ponomarev, Vladimir Cvijetinovic and Jamie Kariya.

In Brazil, Pinheiro Neto Advogados advised Ero Copper Inc. with Carlos Vilhena and Adriano Drummond C. Trindade.

Cassels Brock represented the underwriters with a team consisting of Chad Accursi, Shaun Khullar, Kyle Simpson, and James Lyle (Securities and Mining) and Christopher Norton (Tax).

In Brazil, Veirano Advogados advised the underwiters with Pedro A. Garcia, Elisa Rezende, Bibiana Azambuja da Silva, Daniela Philbois, Manuela Bins Comette, Pilar Valente de Barros and Bernardo Costa.

Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Shaun Khullar – Cassels Brock & Blackwell LLP; Kyle Simpson – Cassels Brock & Blackwell LLP; James Lyle – Cassels Brock & Blackwell LLP; Christopher Norton – Cassels Brock & Blackwell LLP; Pedro Garcia – Veirano Advogados; Daniela Philbois – Veirano Advogados; Elisa Rezende – Veirano Advogados; Bibiana Silva – Veirano Advogados; Bernardo Costa – Veirano Advogados; Pilar Valente de Barros – Veirano Advogados; Manuela Bins Comette – Veirano Advogados; Adriano Drummond Trindade – Pinheiro Neto; Carlos Vilhena – Pinheiro Neto; Bob Wooder – Blake, Cassels & Graydon; Kathleen Keilty – Blake, Cassels & Graydon; Nikita Ponomarev – Blake, Cassels & Graydon; Vladimir Cvijetinovic – Blake, Cassels & Graydon; Jamie Kariya – Blake, Cassels & Graydon;

Law Firms: Cassels Brock & Blackwell LLP; Veirano Advogados; Pinheiro Neto; Blake, Cassels & Graydon;

Clients: Canaccord Genuity; Numis Securities; Scotia Capital Inc.; Raymond James Financial, Inc.; GMP Securities L.P.; PI Financial Corp.; BMO Nesbitt Burns Inc; Ero Copper Inc.;

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Author: Ambrogio Visconti