On November 14, 2023, Ero Copper Corp. completed a bought deal financing of 9,010,000 common shares at a price of US$12.35 per common share for gross proceeds of approximately US$111 million.
The offering was completed through a syndicate of underwriters led by BMO Capital Markets, and included Canaccord Genuity Corp., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., Cormark Securities Inc., National Bank Financial Inc., Paradigm Capital Inc., PI Financial Corp., Raymond James Ltd. and Stifel Canada. The offering included 500,000 common shares issued pursuant to the partial exercise of the underwriters’ over-allotment option.
Cassels acted for the underwriters.