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  4. [144] Aura Minerals Inc. SEC Filing

Aura Minerals (AUGO) investor to sell 27 BDRs on B3

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Aura Minerals Inc. (AUGO) is the underlying issuer for a planned resale of its securities by Kapitalo Sigma LLC under Rule 144. The holder has filed to sell up to 27 Brazilian depositary receipts (BDRs) on the B3 exchange through BofA Securities Inc. The BDRs were acquired via open market purchases on 06/07/2024, with a proposed sale date of 06/11/2024. The notice states that Brazilian Depositary Receipts are certificates representing common shares of Aura Minerals and that three BDRs represent one common share of the issuer.

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Brazilian depositary receipts to be sold 27 Brazilian depositary receipts Planned sale under Rule 144
Aggregate market value 777.61 Aggregate market value for the Brazilian depositary receipts listed in the notice
Acquisition date 06/07/2024 Date BDRs were acquired in open market purchases
Proposed sale date 06/11/2024 Proposed date of sale for the 27 BDRs
BDR-to-common-share ratio Three BDRs represent one common share Stated relationship between BDRs and Aura Minerals common shares
Issuer phone number 1-305-239-9332 Contact phone number for Aura Minerals Inc.
Brazilian depositary receipts financial
"Brazilian Depositary Receipts are certificates representing Common Shares of the Issuer."
Brazilian Depositary Receipts (BDRs) are certificates traded on Brazilian exchanges that represent ownership of shares in foreign companies, allowing local investors to buy and sell exposure to those overseas stocks without opening foreign brokerage accounts. They matter because they let investors diversify across global companies using local currency and trading hours, similar to buying a locally issued voucher for a foreign product, while still exposing portfolios to the performance and risks of the underlying foreign shares.
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Open Market Purchases financial
"Open Market Purchases | Shares were acquired in the open market trades"
Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

FAQ

What securities of Aura Minerals Inc. (AUGO) are covered by this Form 144?
The notice covers up to 27 Brazilian depositary receipts (BDRs) of Aura Minerals Inc., which are certificates representing the issuer’s common shares. The BDRs are listed for trading on B3, with BofA Securities Inc. named in the filing.

Who is selling Aura Minerals (AUGO) securities in this Form 144?
The planned sale is for the account of Kapitalo Sigma LLC. The filing notes that this person may be deemed an affiliate, and information is provided consistent with the aggregation and person definitions under Rule 144.

How many Aura Minerals (AUGO) Brazilian depositary receipts are planned to be sold?
The filing states an intention to sell 27 Brazilian depositary receipts. These are described as certificates representing common shares of Aura Minerals, with three BDRs representing one common share of the issuer.

When were the Aura Minerals (AUGO) BDRs acquired and when are they proposed to be sold?
The 27 BDRs were acquired in open market purchases on 06/07/2024. The proposed sale date disclosed is 06/11/2024, with the transaction described as being for cash.

What is the relationship between Aura Minerals common shares and its Brazilian depositary receipts?
The remarks explain that Brazilian depositary receipts are certificates representing common shares of Aura Minerals Inc., and that three BDRs represent one common share of the issuer.

On which exchange are Aura Minerals (AUGO) Brazilian depositary receipts referenced in this filing traded?
The filing identifies the exchange as B3 in Brazil. The securities listed are Brazilian depositary receipts that represent common shares of Aura Minerals Inc.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR