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Dundee Enters into Joint Venture Partnership with Aura Minerals


On April 19, 2022, Dundee Corporation and its wholly-owned subsidiary, Dundee Resources Limited, entered into a binding Cooperation and Commitment Deed with Aura Minerals Inc. that will see Dundee Resources, a 19.3% shareholder in Big River Gold Limited, retain a 20.0% interest in Big River through a joint venture arrangement with Aura, subject to certain conditions.

Concurrently, Aura entered into a binding Scheme Implementation Deed with Big River Gold, pursuant to which Aura will acquire 100% of the issued and outstanding ordinary shares in the capital of Big River at a price of A$0.36 per share for approximately A$91.7 million.

Cassels is acting for Dundee.

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