29 August 20212 minute read

DLA Piper Canada advised Nova Royalty on acquisition of‎ producing royalty on Aura Mineral’s Aranzazu ‎copper mine and on its public offering of shares

On August 27, 2021, Nova Royalty Corp. (“Nova”) (TSXV: NOVR) announced that it had completed its acquisition of an existing 1.0% net ‎smelter return royalty on the Aranzazu copper-gold-silver mine in Zacatecas, Mexico, which is 100% owned by Aura Minerals Inc. (TSX: ORA) for US$9 million. DLA Piper Canada acted for Nova in this transaction, in addition to a C$13 million public offering of common shares for Nova announced August 25, 2021.‎

The public offering of common shares was conducted by PI Financial Corp., as lead agent, and Cantor Fitzgerald Canada Corporation, as co-bookrunner, on behalf of a syndicate of agents including BMO Nesbitt Burns Inc. and CIBC World Markets Inc.‎

Nova is a Vancouver-based royalty company focused on providing investors with exposure to the building blocks of clean energy - ‎copper and nickel.

The DLA Piper Canada team in these matters was led by Partner Denis G. Silva and ‎included Ruby Chan, Alan Monk, Nahal Iranpour and Jason Yao.